Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-NZDUSD has broken the line that extends off of the August and 10/10 lows. Like AUDUSD, the advance from the YTD low forms converging lines which is consistent with a bear market rally.
Trading Strategy: Order to short NZDUSD in halves at .8350 and .8380 with a .8450 stop. Target half at .8100.
LEVELS: .8193 .8230 .8280 | .8350 .8380 .8435
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