Tanalys

NZD/USD 4th Day Up; Trades to Highest in Over 5 Months

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

NZDUSD spiked into the Sep high, negating short term bearish wave count implications in the process.

-78.6% retracement of the decline from the April high is at .8463 but the next big confluence is the 88.6% at .8562 / 4/20 high at .8585.

Trading Strategy: Stopped out of short.

LEVELS: .8310 .8350 .8380 | .8480 .8555 .8586

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