NZD/USD Mid .8400s Proves itself as Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-NZDUSD has responded to resistance above .8400. Tuesday’s high is just shy of the 9/19 and 10/24 highs at .8435/45.
-Longer term trend remains sideways, possibly within the confines of a triangle (since 2011).
Trading Bias: Flat
LEVELS: .8243 .8293 .8358 | .8402 .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.