NZDUSD Stuck in a Range
11
May
2012
2012
NZDUSD Stuck in a Range
While the sky has been falling else where, the NZDUSD stood its ground for the majority of the week. I don’t believe this had much to do with NZD strength rather it illustrated the pairs exhaustion from last few weeks drop. The range is simple to see and the only thing to do is play it until it breaks. support is at 78 and resistance is just above at 79.
Sup 78
Res 79
