NZD/USD Outside Day Reversal at Channel Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREXAnalysis: The NZDUSD traded above the 6/14 high of .8136 before running into channel resistance and reversing sharply. A failed inverse head and shoulders breakout is a possibility. Failed breakouts can serve as decent patterns in their own right.
FOREXTrading Strategy: Flat
LEVELS: .7933 .7994 .8028 .8105 .8135 .8210