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Forex pairs in this Article » NZD/USD
Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Follows Through on Rejection from above .8400Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-NZDUSD has responded to resistance above .8400. Tuesday’s high is just shy of the 9/19 and 10/24 highs at .8435/45. Wednesday’s decline bolsters .8400/50 as resistance.

-Longer term trend remains sideways, possibly within the confines of a triangle (since 2011). Recent highs (.8316 and .8242) are levels that may provide support for reactions.

LEVELS: .8202 .8250 .8316 | .8377 .8402 .8444

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



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