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NZD/USD .8200 and .8300 Possible Pivots for NFP Day

NZD/USD .8200 and .8300 Possible Pivots for NFP Day

2014-01-09 22:51:00
Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD .8200 and .8300 Possible Pivots for NFP Day

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-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: .8126 .8178 .8202 | .8303 .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.

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