NZD/USD Outside Day Reversal from Top of Recent Range
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-NZDUSD has reversed from the top of the range that has persisted since late Nov. In fact, price engulfed the prior 2 days on Wednesday.
-The range from the late Nov low may be tightening (triangle?). Watch for support at .8200.
Trading Bias: Flat here but keeping tabs on EURNZD.
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.