Just looking at my screens and i notice the AUD/NZD has bounced nicely from the 1.2050 level over the past couple of hours with a 30 pip bounce in the past half hour or so. Not sure what is behind the move, could just be an order going through in a thin market on a Friday. If i find out anything else i will let you all know. Only other thing i can think of is that the 1.2050 level is the lower 21 day Bollinger band that we have been bouncing off the past couple of days. Back above yesterday’s 1.2133 high is needed to keep the 1.2050 level safe on Monday.
