Trading is cautious...

The employment rate was great. The participation rate not so great. The NZDUSD moved up through 0.6506-19 area but retraced the entire move.

We are back above the 0.6506-19 area again (trading at 0.6517 currently). Does it go back above 0.6519 and stay above) or give up and go test the 100 and 200 hour MA again (and go below)?

On a move higher, the real level to get and stay above 0.6551-57. The 38.2% of the move down from Dec 29 high comes in at 0.65513. The double tops come in at 0.6557.