Tanalys

NZD/USD Tightens Up; Beware False Breaks

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.

-.8262 is resistance if reached.

LEVELS: .8254 .8279 .8302 | .8362 .8375 .8402

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

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