NZD/USD at 3 Year Highs

By DailyFx | Updated July 30, 2014 AAA

DailyFX.com -

Daily

NZD/USD at 3 Year Highs

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“A possible zone of resistance now is .8725/40 (161.8% extension and 5/6 close) but keep August 1st in mind, which is the date of the record free float high in 2011.” NZDUSD traded into the mentioned zone and responded but the pullback was minor and NZDUSD is trading pips from its best level since August 2011. Above .8842 (August 2011 high) would open up 2 equal legs from the 2000 low at .9208. The 6/25 outside day low is now the pivot a .8661.

LEVELS: .8661 .8704 .8759 | .8797 .8842 .8900

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

Related Forex Analysis
  1. NZD/USD Forms a Nice Sell Signal
    Investing

    NZD/USD Forms a Nice Sell Signal

  2. Aussie and NZ Dollars Rise, Yen Drops as China Expands Stimulus
    Forex News

    Aussie and NZ Dollars Rise, Yen Drops as China Expands Stimulus

  3. NZD/USD Technical Analysis: Short Trade Triggered Sub-0.80
    Forex News

    NZD/USD Technical Analysis: Short Trade Triggered Sub-0.80

  4. NZD/USD Bears Hesitate As A Doji Emerges On The Daily
    Forex News

    NZD/USD Bears Hesitate As A Doji Emerges On The Daily

  5. NZD/USD Technical Analysis: Kiwi Selloff May Be Resuming
    Forex News

    NZD/USD Technical Analysis: Kiwi Selloff May Be Resuming

Trading Center