Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-NZDUSD has broken the line that extends off of the August and 10/10 lows. Like AUDUSD, the advance from the YTD low forms converging lines which is consistent with a bear market rally.
-Price traded to a new low for the month on Wednesday (by 1 pip) before making a key reversal.
-A flat correction may be complete from .8212 (10/30 low at midnight (NY)).
Trading Strategy: The rally from the low would consist of 2 equal waves at .8327. I’m on the lookout for a top near that level.
LEVELS: .8162 .8191 .8248 | .8330 .8356 .8394