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 its best level since the month of the all-time high (August 2011…high was .8842). The last level of possible resistance from the high is .8760/90. A line that extends off of the 1996 and 2007 highs, and crosses through the 2008 and 2013 highs may have just called another top.
-The outside week reversal could indicate an important top. .8635 is near term resistance.
LEVELS: .8431 .8501 .8543 | .8635 .8674 .8760
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.