NZDUSD Rebound

11 Jul
2012
by in Uncategorized

The NZDUSD rebounded after dropping sharply following the release of the FOMC minutes.  The cross is still trading in a narrow range.  The release of the AUDUSD employment report might be just what the doctor ordered to shack this pair loose.  The top of the range is at .80 and the bottom is just below at .7925.  If the cross manages to break above the top of the range resistance can be found at .8060 and strong daily support can be found below the range beginning at .7840.

Sup      .800                  .8060

Res      .7925                  .7840

For access to all current trades and charts http://wp.me/P2pFeJ-1IT  .  To follow on twitter look for THE KEANE @chrisfkeane

Plan:  Wait for AUD Employment Report and play a range break