NZD/USD Threatens August High
Chart Prepared by Jamie Saettele, CMT
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-“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.” That objective was reached today. Given the long term picture, dips should probably be bought at this point.
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