News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
NZD/USD at Range Highs; Beware a False Break above .8334

NZD/USD at Range Highs; Beware a False Break above .8334

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD at Range Highs; Beware a False Break above .8334

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-NZDUSD has rallied into the top of the range that has persisted since late Nov.

-.8390-.8445 remains a possible topping area if breaks through trendline resistance. The bottom of this zone is bolstered as resistance from the construction of a short term triangle.

Trading Bias: Flat

LEVELS: .8178 .8202 .8243 | .8300 .8334 .8380

--- 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.

DISCLOSURES