Description
⋅ NZD/USD is looking ever more stretched and has failed 3 times to take out .7347.
With a likely USD boosting victory for Hillary Clinton and a likely rate cut from the RBNZD tomorrow, going SHORT here makes sense.
We at Carleton Capital are SHORT NZD/USD from .7323 with a reasonable STOP at .7350 for a 27 pip risk.
Our RVI algo is expecting a cross over south on the daily time frame adding weight to the analysis.