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NZD/USD Downside Break Possible as Long as Below .8290

NZD/USD Downside Break Possible as Long as Below .8290

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Downside Break Possible as Long as Below .8290

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-NZDUSD is a mess near term. A larger top may be in the works but the near term is indecipherable.

-.8390-.8445 is a possible topping area this month. An uncovered close remains at .8126 is possible support.

Trading Strategy: Flat

LEVELS: .8035 .8084 .8132 | .8208 .8240 .8287

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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