NZDUSD Risk On

15 Jun
2012

The perfect storm may be brewing for a squeeze higher in the NZDUSD.  The US economy appear to be slowing and QE3 could be in the cards.  OF coarse any action would most likely be after the presidential elections.  A positive result in Greece and we could see a pop higher towards the 80 level next week.  Now if the news is negative out of Greece I take everything back.  A negative outcome even with the threat of QE 3 could produce dollar strength and remind everyone that the global economy is slowing down.  Support is such a case is down around .7615.

Sup   .7615

Res   .7936