Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–NZDUSD is trading at its best level since the month of the all-time high (August 2011…high was .8842). The last level of possible resistance from the high is .8760/90. A line that extends off of the 1996 and 2007 highs, and crosses through the 2008 and 2013 highs may have just called another top.
-The outside day reversal could indicate an important top. Wednesday’s follow through is a good sign for bears. An even better sign is the fact that an outside week reversal has already formed.
LEVELS: .8358 .8430 .8500 | .8580 .8635 .8669
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.