Edion_C

NZDUSD 240 min. breakout from ascending channel

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
22 0 3
NZDUSD             broke down below support of an ascending channel and then retested the support trendline with just a touch. Which validates the trendline as new resistance. US retail figures are being released today a weak reading would help push price back to the trendline so I am waiting to see if it holds. Better than expected would quickly push price to 0.7100
Retail sales m/m previous 0.6% expected 0.4%
Core retail sales m/m previous 0.7% expected 0.2%
PPI m/m previous 0.5% expected 0.1%
Core PPI m/m previous 0.4% expected 0.2%
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