Thursday, June 19, 2014

NZDUSD Consolidates Above 0.87 Support, Targeting 0.875

The USD Index continues to look heavy and my initial target is back down to 80, which will continue to provide bullish support for AUD and NZD. I also expect it to trade below 79 over the next couple of months before printing a 6.4yr cycle low. Until then the



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