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NZD/USD Still Sideways; .8260 is Possible Resistance

Jamie Saettele, CMT


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Still Sideways; .8260 is Possible Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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