Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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
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