NZD/USD .8635 is a Possible Reaction Level
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-NZDUSD has reversed from 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. A line that extends off of the 1996 and 2007 highs, and crosses through the 2008 and 2013 highs may have just called another top.
-The outside week reversal could indicate an important top. .8635 is near term resistance.
LEVELS: .8431 .8501 .8543 | .8635 .8674 .8760
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