NZDUSD May Be IN A Wedge

29 May
2012
by in Uncategorized

The NZDUSD Appear to be in a wedge.  The top of the wedge can found at .7650.  a break of the level could push the price action towards .78.  The bottom of the wedge is created by trend line and daily support around .7575.  Over the last few days the cross has been traveling sideways similar to the AUDUSD.

Sup  .7575

Res  .7650

Plan:  Wait for a break of the wedge and then ride momentuim.