NZDUSD The Trend is Up.

11 Jun
2012
by in Uncategorized

The NZDUSD has lost ground today in New York trading.  The pair has yet to fill the gap from the jump into Monday's trading.  Looking at the pair with a larger view it is still clear the cross has followed an ascending trend line higher throughout the month.  Until this line is broken we must assume that the trend is up.  Trend line support is currently at .7670.  A break of this level exposes .76.  Resistance begins at .78 followed by the 50 fib just above at .7844.

Sup   .7670

Res   .78