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NZD/USD Classical Technical Report 05.26

NZD/USD Classical Technical Report 05.26

2011-05-26 05:44:00
Joel Kruger, Technical Strategist
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NZDUSD_Classical_body_nzd2.png, NZD/USD Classical Technical Report 05.26

NZD/USD:Although rallies continue to be well capped above 0.8000, the market has also managed to find decent bids in the 0.7700’s. As such, the outlook remains unclear at present, and a clear break back above 0.8100 or below 0.7700 will be required to establish a clearer directional bias.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

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