Weekly
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
–NZDUSD closed above the 200 day average for the first day since 5/10. Daily RSI has exceeded 70.
–A Fibonacci confluence is just above current price (.8283/98) from the 61.8% retracement of the .8846-.7372 bear leg ad 61.8% retracement of the decline from April. This area may serve as resistance.
Trading Strategy: Flat
LEVELS: .8090 .8133 .8189 | .8283/98 .8320 .8362