Daily
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.
-Price traded to a new low last Wednesday (by 1 pip) before making a key reversal.
-The push above Monday’s high warns of this market stretching towards .8390-.8430 before attempting to top.
Trading Strategy: Flat
LEVELS: .8209 .8258 .8290 | .8325 .8356 .8394