U.S. Markets open in 1 min

NZD/USD Waits on RBNZ; at Minor Support Now

Jamie Saettele, CMT


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Waits on RBNZ; at Minor Support Now

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The bird continues to have difficulty with .8514. Recent action feels like a blow off although .8585 or .8630 cannot be dismissed, especially with RBNZ tomorrow.

-Weakness below .8350 is needed to suggest that a tradable top is in place.

LEVELS: .8351 .8391 .8430 | .8514 .8555 .8585

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

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.