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NZDUSD Key Levels are 8075 and 7860

NZDUSD Key Levels are 8075 and 7860

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Key Levels are 8075 and 7860

Prepared by Jamie Saettele, CMT

The NZDUSD is at the midpoint of its July range, which is defined by 8075 and 7860. Until one of these levels gives way, there is little reason to force the issue. In fact, in this low volatility environment, the NZDUSD may spend a good amount of time within the mentioned range. 8030 and 7915 are levels of interest within the range.

LEVELS: 7840 7860 7930 8030 8075 8120

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.