NZD/USD Trades into Trendline off of 2011 and 2013 Highs
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The bird is flying high. Recent action feels like a blow off, especially given how the rate traded into the line that extends off of the 2011 and 2013 highs on Thursday (closing near the day’s low).
-Weakness below .8430 would suggest that a top is in place.
LEVELS: .8390 .8430 .8511 | .8555 .8588 .8629
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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