NZD/USD .8391-.8454 May Produce the Next Top
240 Minute Bars
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: Most recent comments were that “the .8200 level has served as support since late February on several occasions. Trading above .8280 would complete a short term bullish base and shift focus towards at least .8350 (former resistance and 50% retracement).” .8350 proved to be minor resistance. The 61.8% retracement at .8391 was reached late today. Resistance extends to the 78.6% retracement at .8454.
FOREXTrading Strategy: Need to see the market respond up here before attempting a short. Levels of interest are .8433 and .8454.
LEVELS: .8220 .8279 .8334 .8391 .8454 .8533
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