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NZD/USD Goes Bonkers; Takes out 2013 High

NZD/USD Goes Bonkers; Takes out 2013 High

Jamie Saettele, CMT, Sr. Technical Strategist

Monthly

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Goes Bonkers; Takes out 2013 High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-NZDUSD is trading at its best level since the month of the all-time high (August 2011…high was .8842). The last level of possible resistance from the high is .8760/90. The line on the chart that extends off of the 1996 and 2007 highs, and crosses through the 2008 and 2013 highs (all time high spent 2 months above the line) is at about .8770 for the rest of March (2 days left).

LEVELS: .8567 .8605 .8648 | .8675 .8763 .8790

--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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