NZD/USD Near Term Support at .8575/85

DailyFX

Daily

View photo

.
NZD/USD Near Term Support at .8575/85

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Don’t forget about the line that extends off of the 1996 and 2007 highs. That line crosses through the 2008, 2011, and highs as well. The rate has traded off of that level. In 2011 (record free float high), the rate surged through the line in late July before topping on August 1st.”

-“The momentum profile (divergence at the last 2 highs with the most recent top accompanied by RSI

LEVELS: .8549 .8576 .8600 | .8636 .8657 .8682

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


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)