NZDUSD BREAKS BELOW SUPPORT ZONE

 

similar to the GBPUSD the NZDUSD has settled in right around its midpoint of its current range ahead of the Jackson Hole Speech.  The pair did manage to peak its head below the support zone between .8035/80 in New York trading but follow thru was limited.  Based on the mood regarding the dollars following tomorrows speech.  The NZDUSD could test the resistance zone near .8184/.8235 or the support zone between .7860/00.  If the speech only hints of possible future action the cross could still rise back towards  the .81 level.

Sup   7860/00

Res  81                      8185/8235

 

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