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NZD/USD Trendline May Come into Play Near .8400

NZD/USD Trendline May Come into Play Near .8400

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Trendline May Come into Play Near .8400

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Longer term trend remains sideways within a triangle that began at the 2011 high.

-Possible NZDUSD resistance is at .8377 and trendline resistance that crosses .8400 over the next few days. .8200 needs to give way in order for traders to look lower.

LEVELS: .8211 .8262 .8296 | .8345 .8377 .8402

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

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