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NZD/USD Registers YTD Low; November Low is Next Hurdle

January 30, 2014

Jamie Saettele, CMT

Daily Automate trades with Mirror Trader and see ideas on other USD crosses - NZDUSD has responded to resistance above .8400. The 1/14 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) but the break below .8200 turns near term trend lower. That level is now resistance. LEVELS: .8011 .8084 .8104 | .8186 .8209 .8246 --Trading specifics (setups with entries, stops, targets) are availableto J.S. Trade Desk members .

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Source: DailyFx

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