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NZD/USD Pivot Moved Up to .8713

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-NZDUSD traded 7 pips shy of its August 2011 high last week. Above .8842 (August 2011 high) would open up 2 equal legs from the 2000 low at .9208. The pivot can be moved up from .8661 to .8713 (trend reverses below that level and a reversal from these levels would be substantial with price highs not confirmed by RSI).

LEVELS: .8661 .8713 .8757 | .8790 .8821 .8900

--Tradingideas are availabletoJ.S. Trade Desk members.

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