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NZD/USD .8400/50 May Prove Difficult

NZD/USD .8400/50 May Prove Difficult

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD .8400/50 May Prove Difficult

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-NZDUSD has broken above a nearly month long range. Monday’s rally also followed through on Friday’s outside day. Highs from Nov and Sep are possible resistance from about .8400 to .8450.

-Longer term trend remains sideways, possibly within the confines of a triangle.

Trading Bias: Flat

LEVELS: .8243 .8293 .8334 | .8415 .8435 .8514

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for

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