FOREX Technical Analysis: NZD/USD 8355 Breakout Level is Now Support
Chart Prepared by Jamie Saettele, CMT
FOREXAnalysis: The NZDUSD reversed 18 pips shy of its 2012 high, made on 2/29, at 8471. “Focus throughout December remains higher towards the extremely well-defined technical confluence that surrounds 8550. 8308/55 is support to keep in mind for buying a dip.”
FOREXTrading Strategy: Price is probably close to at least a drop into former resistance at 8355. I’ll be looking for the drop to unfold in a corrective manner.
LEVELS: 8309 8348 8400 8472 8572 8600