NZD/USD Follows Through on Rejection from above .8400
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. Wednesday’s decline bolsters .8400/50 as resistance.
-Longer term trend remains sideways, possibly within the confines of a triangle (since 2011). Recent highs (.8316 and .8242) are levels that may provide support for reactions.
LEVELS: .8202 .8250 .8316 | .8377 .8402 .8444
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