NZD/USD .8740 Remains of Interest
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“A possible zone of resistance now is .8725/40 (161.8% extension and 5/6 close) but keep August 1st in mind, which is the date of the record free float high in 2011.” NZDUSD has traded into the mentioned zone and responded. Expect a pullback from the current level. .8600 is probably the first meaningful support.
LEVELS: .8592 .8641 .8664 | .8699 .8733 .8779
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