NZD/USD Tests Early Month Low; Corrective Advance Possibly Underway
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-Price traded to a new low for the month today (by 1 pip) before making a key reversal. As mentioned yesterday, this region is support for a bounce.
Trading Strategy: Same as AUDUSD…a corrective advance may begin from nearby levels (or now) in which case we’ll look to identify a secondary top (levels of interest include .8330/56 and .8415/35).
LEVELS: .8162 .8191 .8225 | .8285 .8330 .8356
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