The NZDUSD GDP report will be the highlight of early Asian trading. Expectations are for a reading of 2.4%. Once again this number will be reviewed for any hints of economic activity with its Asain trading partners. A strong or weak number could dictate price action in the majors in Asian trading.
The NZDUSD is in a wedge that is rapidly closing in. The top of the wedge is created by resistance at .8300 and the bottom is created by an ascending trend line that currently rest around .8265. A break lower opens the pair up for a test of the support zone between .8220/.8185. A push to the topside could test recent highs around .8350.
Sup .8265 .8220/.8185
Res .83 .8350
KEANE Plan....watching the wedge....Waiting for a break in either direction.
To Access Yen Talk, Currency Watch Video, Current Trade Setups and Current Trades Via Twitter Feed Click HERE
Non subscribers can have a Free 1-week trial HERE