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.
-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