NZD/USD Drops into .8310 Support; Near Term Uncertain

| 8 november, 2013 | 0 kommentarer

Daily

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD Drops into .8310 Support; Near Term Uncertain

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.

-A near term support zone is .8290-.8310. Price has dropped into the .8290-.8310 support zone. Estimated resistance is .8350.

Trading Strategy: A session or 2 below .8260 would have me on short setups in this pair. Until then, I’ll stick with Aussie pairs.

LEVELS: .8191 .8266 .8290 | .8350 .8378 .8435

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *