New Zealand Dollar Resistance Up to 7535

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, New Zealand Dollar Resistance Up to 7535

Prepared by Jamie Saettele

The NZDUSD has broken below the 100% extension (7510) and focus is on 7280 (161.8% ext). Bigger picture, the rally to 7975 may have completed wave B of an expanded flat from the October 2009 high. Risk on shorts can be moved to 7650. 7480 and 7535 are resistance levels.

No comments: