The NZD moved up to begin the UK session and set up for a short after 3 lower highs and no buyers willing to take out yesterday’s high. Sellers stepped in and price moved down to the Asian lows before reversing and testing the other side of the Asian range.
Fairly subdued session to end the week. Fitch has affirmed the USA AAA rating. Several Fed speakers later today. The market will be listening for any signs of backtracking on Yellen’s comments to an interest rate hike in the spring of 2015.
Enjoy your weekend!
Back Tuesday if we find a trade.
