Tanalys

NZD/USD at Range Highs; Beware a False Break above .8334

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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NZDUSD has rallied into the top of the range that has persisted since late Nov.

-.8390-.8445 remains a possible topping area if breaks through trendline resistance. The bottom of this zone is bolstered as resistance from the construction of a short term triangle.

Trading Bias: Flat

LEVELS: .8178 .8202 .8243 | .8300 .8334 .8380

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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