NZDUSD Support at 8160 if Reached
Prepared by Jamie Saettele, CMT
The impulsive nature of the rally from 8108 clarifies increases confidence that the NZDUSD is headed higher. Like the AUDUSD, expect stalling at resistance such as 8261 and 8298 but focus should be on a new high (8356) given the bullish momentum profile on the daily (RSI holding above 40 on the latest dip). Near term support is 8142/61.
LEVELS: 8108 8142 8161 8232 8261 8298