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NZD/USD Pressing Range Lows; Former Resistance Still Supporting

NZD/USD Pressing Range Lows; Former Resistance Still Supporting

2015-11-03 21:33:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD Pressing Range Lows; Former Resistance Still Supporting

Chart Prepared by Jamie Saettele, CMT

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

-Follow along with me…NZD/USD spent mid-July to late-August in a 240 pip range. Another 240 pip range (for roughly the same amount of time) materialized after August 24th. That range resulted in a bullish move that has given way to another 240 range. Everything just described sounds like the anatomy of a bottoming patterning. Near term, respect the 240 pip range though!

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

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