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 responded to resistance above .8400. Tuesday’s high is just shy of the 9/19 and 10/24 highs at .8435/45. Wednesday’s decline bolsters .8400/50 as resistance.
-Longer term trend remains sideways, possibly within the confines of a triangle (since 2011). Recent highs (.8316 and .8242) are levels that may provide support for reactions.
LEVELS: .8202 .8250 .8316 | .8377 .8402 .8444
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.