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Jamie's Pick: 10/10/12

Jamie's Pick: 10/10/12

Jamie Saettele, CMT, Sr. Technical Strategist

The NZDUSD is pressing against resistance and witht the EURUSD still holding 12802, I like playing short term Kiwi weakness through the EURNZD. The EURNZD is at support from the 10/4 low and 23.6% retracement of the rally from 14966. Today's bias is bullish as long as price is above the morning low of 15700. Weakness below would shift focus to 15656. Expect resistance upwards of 15833/65.

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