NZD/USD Still Holding above Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader?
FOREXAnalysis: Expectations are for a rally in order to correct the 5 wave decline from the April high. The former 4th wave extreme near .8150 is a level to keep in mind as resistance. Near term support at .7750 held today and recent divergences with AUDUSD are suggestive of a turn higher.
FOREXTrading Strategy: Flat
LEVELS: .7650 .7682 .7749 .7870 .7968 .8030
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.