NZDUSD Below Yearly Tend Line
2012
The NZDUSD has been trading in a narrow range over the last two weeks. Price action has been capped at .7650 and supported at .7460. A break of either of these level could give an idea of which way the pair may be going. Heading into next week I will be watching the yearly trend line around .7560. As long as the pair is below this level my bias will be for a continued move lower. A break above this level could indicate a trend shift heading into the new month.
Sup .7460
Res .7650