NZDUSD Creeps Towards 8080 Fibonacci Level
Prepared by Jamie Saettele, CMT
Like the AUDUSD, the NZDUSD is at levels not seen since early May. Bulls must contend the 61.8% retracement of the decline from the February high at 8082 and 4/23 low at 8087. I’m on the lookout for a top and reversal. Like the AUDUSD, the top may have been put in this morning with the key reversal on the 240 minute bar (9 am est).
LEVELS: 7920 7960 7995 8080 8100 8160