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CalebDismuke
Dec 13, 2016 2:56 AM

.7200 holding the upside in check...for now(NZD/USD) 

New Zealand Dollar/U.S. DollarFXCM

Description

Resistance at .72 and the 100 DMA (red line) has held for the past 3 days.

A failure here could see a move back down toward the 200 DMA (green line).

I am looking to sell but I am not sure how aggressive I want to get before the FOMC announcement on Wednesday.

I will probably sit on my hands in this pair until Thursday.

Month-to-date trading results

# of trades:3
winners:2
losers:1
pips won:64
pips lost:14
net:+50
Comments
Southern-Chick
I believe the fed announcement will raise DXY to around 102 +, which will drop NU to your green line. Then it will climb afterwards,
CalebDismuke
@DEB, Very well could. I should have bought in late November, but I sucked my thumbs "hoping" for a better entry.
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