NZD/USD .8190 Break Would Confirm Topping Pattern
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-Friday’s close was the lowest since 9/25. A break below .8190 would complete a nearly 2 month head and shoulders top. Price would quickly encounter the 9/13 uncovered close at .8133.
Trading Strategy: “A session or 2 below .8260 would have me on short setups in this pair. Until then, I’ll stick with Aussie pairs.” I am monitoring for short setups…stay tuned to Twitter @JamieSaettele.
LEVELS: .8103 .8133 .8191 | .8282 .8344 .8377
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.