IvanLabrie
Short

Waiting for a weekly close...NZDUSD heading down

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
65 1 7
I spotted a correction in NZDUSD             , the pair has been trading sideways for a couple of weeks now, and in general the trend isn't strong in one particular direction, so I advise caution with this trade.

I'll re enter short after the next weekly close, since I've been stopped out by a sudden price increase.
Key levels are the green and red dotted lines, a breach of the green line's resistance would invalidate the setup for the time being.

Target is 0.745 initially.
Took a short off the daily:
snapshot
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