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throughout the week it appeared that as long as the NZDUSD could remain above .8060 it would eventually pop higher. Friday was the day the pair put together the momentum to move higher. The pair is once again in the consolidation zone that the cross traded in throughout the month of March and April. Within the consolidation zone resistance begins at .8235. In the short-term support begins at the day lows at .8120 and resistance is at .82.
Sup .8120
Res .82
Keane Insight: A break of the daily range to the top or bottom could lead to a test of the broader consolidation range
For access to Keane Insight’s and current trade stream http://wp.me/P2pFeJ-1IT .
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