Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-NZDUSD is a mess near term. A larger top may be in the works but the near term is indecipherable. Watch .8260 (12/3 high and trendline) for resistance.
-.8390-.8445 is a possible topping area if breaks through trendline resistance. An uncovered close remains at .8126 is possible support.
Trading Strategy: Flat
LEVELS: .8084 .8126 .8164 | .8260 .8306 .8334
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
- Finance Trading
- Basic Materials Industry