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NZD/USD Responds again to Weekly Close Level

NZD/USD Responds again to Weekly Close Level

2014-02-06 23:28:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Weekly

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Responds again to Weekly Close Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-NZDUSD has responded to resistance above .8400. The 1/14 high is just shy of the 9/19 and 10/24 highs at .8435/45.

-Longer term trend remains sideways. Near term, price has traded into the close of the large reversal week from October.

LEVELS: .8136 .8187 .8248 | .8303 .8345 .8377

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

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