NZDUSD Inside Day Trade Setup
60 Minute Bars
Prepared by Jamie Saettele, CMT
If the NZDUSD fails to hold above Monday’s low (8183) then expect an elevator ride down to 8130/40 (23.6% of rally from June low, former pivot and 100% extension of decline from 9/21 high) and 8080. Like the AUDUSD, the short term downward sloping channel should offer some clues regarding the larger trend (a break of the channel would indicate acceleration of the downside move and probably a break of 7914). A drop below 8183 would trigger a short off of an inside day setup.
LEVELS: 8080 8133 8183 8220 8250 8283
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