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