NZDUSD has found support at a falling trend line connecting major swing lows since early November 2009. A Hammer candlestick coupled with early traces of positive RSI divergence hint that an upswing is in the works, with the first upside barrier seen at the 38.2% Fib of the 05/03-05/25 decline (0.6853). I will monitor the [...]

No firm set-ups just yet, but we like the idea of buying dips into the 1.4300′s, with the view that the market is finally in the process of attempting to carve some form of a material base.