NZD/USD Trades into April Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-Remember when price broke the April lows on 5/10? NZDUSD is back to the April low and almost back to the 5/10 high (.8417).
-A Fibonacci confluence (.8283/98) from the 61.8% retracement of the .8846-.7372 bear leg ad 61.8% retracement of the decline from April proved no match. The 161.8% and 200% expansions of the 8/19-8/30 decline at .8436 and .8606 are of interest at this point.
Trading Strategy: Flat
LEVELS: .8205 .8247 .8317 | .8436 .8480 .8575
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