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NZD/USD Range Trading Remains in Play

NZD/USD Range Trading Remains in Play

2013-02-12 23:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD Range Trading Remains in Play

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: “As long as price is above 8280, trend is considered constructive towards 8570. An upward sloping trendline intersects 8570 in 2 weeks. The January low at 8195 is the bearish pivot which leaves 8195-8280 as the ‘dead zone’. Those that trade in the ‘dead zone’ are subject to getting chopped up.”

FOREXTrading Strategy: Flat

LEVELS: 8279 8339 8390 8431 8479 8571

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