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NZDUSD Corrects Following Test of April High

NZDUSD Corrects Following Test of April High

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Corrects Following Test of April High

Prepared by Jamie Saettele, CMT

“Like everything else, respect potential for some corrective action in the coming day(s), especially after tagging the 4/13 high.” A correction has taken place and I’m on the lookout for a low. Levels to keep in mind are the 9/12 high at 8236, the 100% extension of the decline from the top (2 equal legs from the high) at 8224, and the 9/11 high at 8194. Upside levels of interest for late September / early October are the 2012 high at 8470 and a cluster of levels near 8570.

LEVELS: 8133 8194 8236 8353 8470 8570

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