I'm monitoring the pair for a break lower below outlined support. The short target on a break lower below support is also outlined at 1.4444. If the pair trades back up to outlined resistance than it offers an opportunity to sell short if you are not already in a position. Do note I have provided swap rates for every 10 lot position. As you can see going long is not attractive at all, the short end is much more attractive with a positive carry on the swap adding additional alpha to the position.
When I'm entering odd pairs I definitely keep an eye on the swap rates that are credited / debited from my account. If the swap carry is considerable I do take that into account on whether I prefer a long or short position. Trade smart, and with a plan. =) Cheers.
ECB: 0% Rate / Last Change: Mar 10, 2016 / Next Meeting: Dec 8 2016
RBNZ: 2% Rate / Last Change: Aug 10, 2016 / Next Meeting: Nov 10, 2016
Long / Short Swaps for every 10 Lot:
-Long Swap Rate: Negative Carry -14.40
-Short Swap Rate: Positive Carry +6.85