NZD/USD .8190 Break Would Confirm Topping Pattern

| 11 november, 2013 | 0 kommentarer

Daily

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD .8190 Break Would Confirm Topping Pattern

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

NZDUSD has broken the line that extends off of the August and 10/10 lows. Like AUDUSD, the advance from the YTD low forms converging lines which is consistent with a bear market rally.

-Friday’s close was the lowest since 9/25. A break below .8190 would complete a nearly 2 month head and shoulders top. Price would quickly encounter the 9/13 uncovered close at .8133.

Trading Strategy: “A session or 2 below .8260 would have me on short setups in this pair. Until then, I’ll stick with Aussie pairs.” I am monitoring for short setups…stay tuned to Twitter @JamieSaettele.

LEVELS: .8103 .8133 .8191 | .8282 .8344 .8377

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Kategori: Analys från DailyFX

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DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

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