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NZD/USD Should Benefit From Higher S&P


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Feb 27 2012

Hey guys! US session is here, and USD still quite strong despite some pop up on gold and silver. We are still focused on S&P Futures count, where move from a top is only in three waves with key support/bounce zone comes in at 1345/50 area. Expect a impulse higher here, which will be a catalyst for higher majors, particularly commodity currencies which should wake up very soon.

From a trading perspective, we are keep an eye on Nzd/Usd triangle for possible long, in-line with the S&P Futures expectations.

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