NZD/USD Divergence with AUD/USD Evident at Lows
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREXAnalysis: The NZDUSD has chopped sideways since I last wrote but the inability of price to make a new low last Friday while the AUDUSD did is action often seen at turns. Failure to hold the low would return focus to .7650. “.7649 is the 78.6% retracement of the rally from the November 2011 low.”
FOREXTrading Strategy: Flat
LEVELS: .7649 .7682 .7749 .7806 .7860 .7898