FOREX Technical Analysis: NZD/USD May Reach 8260 in Short Order
Chart Prepared by Jamie Saettele, CMT
FOREXAnalysis: Recent comments were that “one possibility is that the rally from Friday’s low is an impulse that gives way to corrective weakness before the next impulse in late November / early December.” A secondary low may be in place at 8112. Like the AUDUSD, the NZDUSD reversed near its reversal day close (8124). A clean potential inverse head and shoulders in visible since 11/9.
FOREXTrading Strategy: Look higher towards 8260.
LEVELS: 8052 8096 8126 8202 8262 8308
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