NZDUSD AT THE CROSSROADS

 

The NZDUSD is at the crossroads of its current range.  The broke below the bottom of its support zone on Friday.  The pair moved just low enough to close out most stops before reversing higher.  The pair is now testing past support turned resistance at .8030.  A break of this level would place the pair once again in the range were it spent the majority of the week.  Resistance is between .8185/.8235 and support would be at .8030.  A break of .7970 exposes the bottom of the range around .78.

 

Sup     .7970             .78

Pivot  .8030

Res     .8285/.8235

Keane Plan…Watching the pivot at .8030 into the start of the week.

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