News Column

NZD/USD May Face Difficulty at .8360/80

January 21, 2014

Jamie Saettele, CMT

Weekly Automate trades with Mirror Trader and see ideas on other USD crosses - NZDUSD has responded to resistance above .8400. Last Tuesday's high is just shy of the 9/19 and 10/24 highs at .8435/45. -Longer term trend remains sideways, possibly within the confines of a triangle (since 2011). In general, the market has entered longer term resistance (highs in March 2012 , December 2012 , February 2013 , and October 2013 are from .8471 to .8543). LEVELS: .8202 .8227 .8280 | .8336 .8360 .8377 --Trading specifics (setups with entries, stops, targets) are availableto J.S. Trade Desk members .


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Source: DailyFx


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