Similar to the AUDUSD the NZDUSD has fought to retain its ground as of late.  The cross has been resilient in spite of poor European,  USA, and now Chinese Data.  Data out of Asia this week could paint the near term picture for this pair.  Heading into the end of last week the cross tested past resistance turned support at the .618 fib at .7942.  The pair managed to rebound at this level and could be showing signs of being in a range.  The top of the range is at .8060 and the bottom is at the 50 Fib from the May lows at .7850.  As long as the pair remains between these levels the .618 fib could act as a pivot for bounces towards the top or bottom of the range.

Sup     . 7850/40

Res      .8060

Pivot   .7940

Plan:  Play the Range

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