Thanks to Alex for pointing out that NZD/USD is sliding towards decent technical levels at 0.7750.
The lower long term trend line from March 2011 through May 2012 is coming in at 0.7745 and is joined by the 200 wma at 0.7751.
Much the same as AUD/USD the pair is dicing with big levels down below.
Minor support is seen further below at 0.7735 then 0.7690.
I like the look of these levels so I’ve got a long order in at 0.7755 (which has already missed by 2 pips). Tight stop at 0.7725. Like with AUD/USD I may look to stop reverse this one also.
