Monthly
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 (all time high spent 2 months above the line) is at about .8770.
-.8600/2 is support and only a drop under .8540 (daily close) would begin to suggest something bearish.
LEVELS: .8567 .8605 .8640 | .8675 .8763 .8790
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.