NZDUSD Slicing Higher
In European trading on Wednesday the NZDUSD pushed above the descending trend line that had capped price action so far this month. The cross now has firmly established a bounce from the 50 fib at .8132 from the 9/26 high. The cross is currently resting mid range. Better than expected data from China could send the pair higher towards resistance at .8264. If Chinese data disappoints the 50 fib could be calling once again.
Sup .8185 (.382 Fib)
Keane Plan……Chinese data will dictate.
To Access Today’s Yen Talk, Current KEANE TRADES and Private Twitter Feed Click HERE
Non subscribers can have a Free 1-week trial HERE