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 .8310 turns the near term picture positive. That level (.8310) is now estimated support.
Trading Strategy: Flat
LEVELS: .8266 .8310 .8350 | .8435/45 .8502 .8543