NZDUSD Trendline Holds For 2nd Day
Prepared by Jamie Saettele, CMT
Bigger picture, the NZDUSD rally from the June 1 low is probably wave c within a triangle from the November low (B wave triangle). A drop below 8067 would increase confidence that a top is in place and that the next leg of the triangle is underway towards 7700. Information is sufficient at the current juncture to warrant a bearish bias against 8223with8030/70 as initial bearish objectives.
LEVELS: 8030 8070 8118 8185 8223 8235