NZDUSD Bouncing of Support

23 May
2012
by in Uncategorized

The AUDUSD and NZDUSD are tightly correlated as late.  Both pairs rebounded sharply into the New York close.  The NZDUSD is once again the pivotal 75 level.  If the pair can remain above this price we could see a squeeze higher.  Daily resistance rests at the .7675 level.

Res    .7675

Sup    .7450

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