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NZD/USD One More High Could Do the Trick

NZD/USD One More High Could Do the Trick

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD One More High Could Do the Trick

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Friday’s close in NZDUSD is possible resistance at .8386 but a trendline confluence near .8450 may prove too tantalizing not to test.

-Weakness below .8300 would suggest that the path is lower.

LEVELS: .8281 .8302 .8321 | .8386 .8414 .8444

--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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