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  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/IkL6eYc0eq
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  • The US Dollar may be at risk to losses against some of its #ASEAN counterparts. USD/SGD, USD/PHP, USD/MYR and USD/IDR have recently broken to the downside. Will losses continue? Find out from @ddubrovskyFX here: https://t.co/0RTlj6maTT https://t.co/UyQ4i0AihI
NZDUSD Range is a Money Pit

NZDUSD Range is a Money Pit

2012-05-01 22:38:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Range is a Money Pit

Prepared by Jamie Saettele, CMT

Volatility has dried up. Picking tops and/or bottoms in price trends is extremely difficult and the same can be said for volatility. I’d stay away from the NZDUSD until sufficient evidence arises that the multi month range has been resolved.

Bottom Line (next 5 days) – ?

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