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motleifaul
Jul 6, 2015 1:21 PM

Breakthrough Short

New Zealand Dollar/Swiss FrancFXCM

Description

After the break through the former 2015 low we can watch a retracement now. It could go as far as to the former support. But as this support has been tested twice in the past 2 weeks I can imagine that it won't rise as far again.
There is no support near at moment, so that the rate may slide lower along the medium line of the pitchfork.
Comments
motleifaul
I am closing the deal taking the profit now. Perhaps the Dollar will take a breath now as the momentum is slowing.
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