NZDUSD March Low is Now Resistance at 8060
Prepared by Jamie Saettele, CMT
The NZDUSD continues to subdivide higher and is nearing a cluster of technical resistance from the March low, 61.8% retracement of decline from February high and trendline that extends off of 2012 highs. 7950 is short term support. Even a drop below the Monday low (7886) would still encounter support from the steep trendline (near 7810 Wednesday).
LEVELS: 7850 7885 7920 8000 8060 8100
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