NZDUSD Makes it 12 of 13 down days
16
May
2012
2012
The NZDUSD continues its rapid fall lower. The pair is now firmly below past support at .77. This level is now resistance. The next major level of support doesn't occur until .75. Throughout its decent the cross has been in a narrow channel. A break of the up side of this channel could indicate that the pair has found support. In the meantime you could play the bottom of the channel for bounces.
Sup .75 channel trend line support
Res .77
