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NZD/USD Trades Around 2013 High; .8760s Still Big

Jamie Saettele, CMT


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Trades Around 2013 High; .8760s Still Big

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-NZDUSD is trading at its best level since the month of the all-time high (August 2011…high was .8842). The last level of possible resistance from the high is .8760/90. A line that extends off of the 1996 and 2007 highs, and crosses through the 2008 and 2013 highs (all time high spent 2 months above the line) is at about .8770.

-.8600/2 is support and only a drop under .8540 (daily close) would begin to suggest something bearish.

LEVELS: .8567 .8605 .8640 | .8675 .8763 .8790

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

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