NZDUSD Checking Out The Bottom of The Range

The NZDUSD continued its push lower on Thursday and is now resting near the bottom of its current range at .8110.  The cross does have daily support at .8150.  So the .8150/.8110 area could act as a nice support zone.  Any bounce at this level could once again move up to test the top of the range between .83/.8350. 

If the cross manages to break below the bottom of the resistance zone support begins once again at .80.  The pair has traded lower ever since disappointing employment results pointed the pair lower.  At this point the cross could be oversold.  But a push down in risk most likely would take the cross with it.

Sup   .8150/.8110                             .80

Res    .83

Keane Plan....Sitting on the support zone between .8150/.8110.  Will be watching for a break or hold of this level.

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