Tanalys

NZD/USD Responds to Trendline Confluence

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 a trendline confluence. The trendlines in question extend off of the October and January highs and August and November lows. The reaction is consistent with an important market turn.

-.8238 is possible reaction area.

LEVELS: .8211 .8237 .8292 | .8345 .8362 .8391

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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