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AUD/NZD consolidates, but hammer stays valid

NZD led 30 pt rebound in Asia - move expected to be algo driven, but was sustained NZD selling coincided with vague inflation data Momentum studies & 5dma base - 10 & 20 dma's still head south Implies consolidation - las…

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AUD/NZD consolidates, but hammer stays valid
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  • NZD led 30 pt rebound in Asia - move expected to be algo driven, but was sustained

  • NZD selling coincided with vague inflation data

  • Momentum studies & 5dma base - 10 & 20 dma's still head south

  • Implies consolidation - last Thursday's hammer stays as a positive signal

  • Earlier 1.0353 low & yesterday's 1.0430 high initial support/resistance

 

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