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