Chart Prepared by Jamie Saettele, CMT
FOREXAnalysis: Bigger picture, the NZDUSD false break higher in early December and subsequent impulsive decline has me intrigued in the short side to begin the year. Near term, a corrective advance may be underway from 8155, in which case a final foray into 8400 wouldn’t be out of the question.
FOREXTrading Strategy: Bigger picture shorts are favored against 8475.
LEVELS: 8285 8316 8341 8396 8460 8476