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NZD/USD Waits on RBNZ; at Minor Support Now

NZD/USD Waits on RBNZ; at Minor Support Now

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Waits on RBNZ; at Minor Support Now

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The bird continues to have difficulty with .8514. Recent action feels like a blow off although .8585 or .8630 cannot be dismissed, especially with RBNZ tomorrow.

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

LEVELS: .8351 .8391 .8430 | .8514 .8555 .8585

--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.