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AUD/NZD consolidates, but hammer stays valid

Tuesday, February 24, 2015 4:51 AM UTC

NZD led 30 pt rebound in Asia - move expected to be algo driven, but was sustained
NZD selling coincided with vague inflation data
Momentum studies & 5dma base - 10 & 20 dma's still head south
Implies consolidation - last Thursday's hammer stays as a positive signal
Earlier 1.0353 low & yesterday's 1.0430 high initial support/resistance

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AUD/NZD consolidates, but hammer stays valid

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