NZD/USD Trades into December Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: RBNZ triggered a sharp selloff with NZDUSD trading to 2013 lows and pips shy of the December low at .8155. The larger trend has probably turned down and the near term trend should now be considered down below Monday’s high (.8284).
FOREXTrading Strategy: Given a topping USDOLLAR, I’m not chasing weakness at the December low.
LEVELS: .7914 .8052 .8155 .8218 .8284 .8350
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