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NZD/USD Following Through on Inside Month Reversal Warning

NZD/USD Following Through on Inside Month Reversal Warning

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Following Through on Inside Month Reversal Warning

Chart Prepared by Jamie Saettele, CMT

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

-“The wedge objective has been reached as has the 2010 low at .6560. The next levels to be aware of are .64 (61.8% retracement of the 2009-2011 rally and 50% retracement of the 2000-2011 rally) and .60 (long term double top target).”

-NZDUSD has triggered a short term double bottom. The objective is .6675.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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