300 Minute Bars

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Prepared by Jamie Saettele, CMT

The NZDUSD is in the same situation as the AUDUSD. One more sharp decline is expected in order to test/break the low before a more important low forms. Objectives are the 61.8% and 100% extensions at 7881 and 7546. The latter level intersects the corrective channel on 8/23 (Tuesday). 8300/8340 is resistance.