NZDUSD TESTING THE 50 FIB

 

 

The NZDUSD is testing the bottom of wedge that has contained it over the last few weeks at .8130.  This level also represents the 50 fib from the move higher last September.  A break or hold of this level could dictate the price action for the remainder of the week.  A break below the 50 fib exposes the .618 fib at .8080 followed by daily price support at .8030.  A hold of this level could lead to another test of TL support at .8184.

Keane Plan….Watching the .8132 level for scalping opportunities.

Sup     .8132  (50 Fib)               .8080   ( .618 Fib)

Res      .8185

To Access Yen Talk, Current KEANE TRADES in the USDJPY and EURJPY Plus the Private Twitter Feed Click HERE

Non subscribers can have a Free 1-week trial HERE

Leave a Reply