NZD/USD Channels Surround Record High at .8842
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Don’t forget about the line that extends off of the 1996 and 2007 highs. That line crosses through the 2008, 2011, and highs as well. The rate has traded off of that level. In 2011 (record free float high), the rate surged through the line in late July before topping on August 1st.” That line on the chart is the dashed line and the rate is there now.
-Several channel resistance levels surround the record free float high at .8842.
LEVELS: .8668 .8705 .8730 | .8800 .8842 .8886
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