NZD/USD Possibly Trapping Shorts for Final Burst
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The NZDUSD remains resilient on each dip. The latest dip didn’t even extend to trendline support. As long as price is above 8280, continue to look towards 8570. An upward sloping trendline intersects 8570 in 2 weeks.
FOREXTrading Strategy: Flat
LEVELS: 8280 8346 8396 8479 8500 8571
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.