CalebDismuke

Resumption of uptrend in NZD/USD or squeeze until further fall?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Technically Speaking
The pair has found resistance at the 100 DMA following a better than expected CPI             release. Further technical levels are the 38.2% retracement , which is by a big round number 72.
If you are looking to short, I would use the 100 DMA and the 38.2% retracement as levels to watch.
If you are looking to go long, I would to see if the 71 level held as support on a retest.

Fundamentals

The GDT price index comes out sometime tomorrow So a heads up if you are planning to trade within the next 24 hours. I have seen no reaction and serious volatility after this release. So please be aware and make sure your stops are in.
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