NZD/USD .8360/70 is Resistance Again if Reached

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eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD .8360/70 is Resistance Again if Reached

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 and .8187 are possible reaction areas. The former level was nearly reached on Wednesday. .8262 is resistance if reached.

LEVELS: .8136 .8187 .8254 | .8345 .8362 .8377

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

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