NZD/USD .8400/50 May Prove Difficult
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.