Forex Trading: NZDUSD testing the 0.7665 area. EURUSD back about 1.5449. GBPUSD testing trendline
Posted by Greg Michalowski on Fri, 05/09/2008 - 10:52am in
We are watching the EURUSD as it moves back above the 100 hour moving average at 1.5448. The 1.5484 level is where resistance is located.
NZDUSD has the 200 day moving average at 0.7665 level which will be an important level going into the weekend.
The GBPUSD has trendline support at the 1.9466 level.
The trading has slowed as London and Europe goes home. Next week there are inflation and retail sales figures from various countries that will dominate the economic release calendar. More on whats ahead later....
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