Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–NZDUSD has reversed from the top of the range that has persisted since late Nov. In fact, price engulfed the prior 2 days on Wednesday.
-The range from the late Nov low may be tightening (triangle?). Watch for support at .8200.
Trading Bias: Flat here but keeping tabs on EURNZD.
LEVELS: .8126 .8178 .8202 | .8303 .8334 .8380
— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com