NZDUSD Inside Day Offers Reference Points
Forex pairs in this Article »
NZD/USD
240 Minute Bars
Prepared by Jamie Saettele, CMT
"Bigger picture, the NZDUSD rally from the June 1 low is probably wave c within a triangle from the November low (B wave triangle)." Similar to the AUDUSD, the NZDUSD key level is now 8140. As long as price is below there, look lower towards 7990 and 7930. Ultimately, the next triangle leg would probably bring price back near 7700.
LEVELS: 7990 8037 8060 8140 8185 8223
Prepared by Jamie Saettele, CMT
"Bigger picture, the NZDUSD rally from the June 1 low is probably wave c within a triangle from the November low (B wave triangle)." Similar to the AUDUSD, the NZDUSD key level is now 8140. As long as price is below there, look lower towards 7990 and 7930. Ultimately, the next triangle leg would probably bring price back near 7700.
LEVELS: 7990 8037 8060 8140 8185 8223
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