The Cross reacted strongly on the Inflation Expectations q/q announcement and also the earthquake in Christchurch. The question now is where will it go. Be cautious because the move last night will have to be squared up sooner or later. Cross is sitting on the 0.7496 and 0.7486 was support. There is a great target at the confluence of the 1.270 fib extension and support at 0.7422. A move to correct this strong move would probably stall at the 0.7538 resistance.
