Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Outside Day Reversal from Top of Recent Range

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-NZDUSD has reversed from the top of the range that has persisted since late Nov. In fact, price engulfed the prior 2 days on Wednesday.

-The range from the late Nov low may be tightening (triangle?). Watch for support at .8200.

Trading Bias: Flat here but keeping tabs on EURNZD.

LEVELS: .8178 .8202 .8243 | .8300 .8334 .8380

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com


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