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NZD/USD .8450 is Insanely Important

NZD/USD .8450 is Insanely Important

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD .8450 is Insanely Important

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-A trendline confluence near .8450 may prove too tantalizing not to test in the bird. Failure to reverse from near .8450 risks a run towards .8513.

-Weakness below .8350 would suggest that a tradable top is in place.

LEVELS: .8281 .8351 .8385 | .8444 .8484 .8514

--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.