NZDUSD Weekly Technicals - look at monthly key reversal
24 August 2014, 23:11
[Deleted]
- “Don’t forget about the line that extends off of the 1996 and 2007
highs. That line crosses through the 2008, 2011, and highs as well. In
2011 (record free float high), the rate surged through the line in late
July before topping on August 1st. The rate reversed this week from pips
below the record high and above the mentioned line.”
- Above .8534 is needed in order to suggest that at least a minor low is
in place. Look lower as long as price is below that level. Exceeding
.8534 would shift focus to .8600/50. I’ve highlighted monthly key
reversals (filtered with a range condition). Focus on .8250/75 as
support.
