The NZDUSD broke below trend line support in early trading this week. similar to the AUDUSD that broke trend line support last week the pair has seen little follow through. Until volume picks up once again in the market a slow drift sideways could be in the cards. The pair is currently drifting between two well pronounced support ans resistance zones. Resistance solid between .8235 and .8185. This level has capped all of the price action higher over the last month or so. Resistance is solid between .80/35, A break of this zone would indicate a trend move lower towards .7860.
Keane Plan...Looking for a test of either the support or resistance zones.
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