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NZDUSD Friday High at 8140 Serves as Pivot

NZDUSD Friday High at 8140 Serves as Pivot

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Friday High at 8140 Serves as Pivot

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).” Similar to the AUDUSD, all I care about for Friday is last Friday’s high at 8140. As long as price is below there, look lower towards 7990 and 7930. Ultimately, the next triangle leg would probably bring price back near 7700.

LEVELS: 7990 8037 8083 8140 8185 8223

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