NZD/USD is Flat After Weekly Doji
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The 5/23 reversal unfolded after a washout of sorts below the November 2012 low of .8052. Tuesday was flat after last week’s doji. The sideways trade is consistent with a 4th wave, although the structure of the 4th wave is in question. When you can’t count the pattern, it’s probably not complete. Allow the pattern to unfold before deciding what to do.
FOREXTrading Strategy: Flat
LEVELS: .7868 .7914 .8005 .8126 .8170 .8212
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