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NZD/USD about to Leave Behind Sloppy Range?

NZD/USD about to Leave Behind Sloppy Range?

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_1_body_nzdusd.png, NZD/USD about to Leave Behind Sloppy Range?

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: The NZDUSD continues to chop sideways but the inability of price to make a new low with the AUDUSD on 6/28 and on 7/3 is action typical at turns. A triangle is also possible although above .7860 would eliminate that pattern.

FOREXTrading Strategy: Flat

LEVELS: .7649 .7697 .7750 .7832 .7860 .7898

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.