BigBuxTrading

NZD/USD: WAY TOO OVERBOUGHT! Time To Sell People —-> .6150

Short
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
The bouncing at the .6425-30 level (.236% fib retraceis a joke! Let’s be honest now, the Kiwi is a weak currency in a weak global environment right now and should be in the .6150 zone...

The Fib Retracement on the daily from May 18th to June 8th sees this going back to the .618 level at (coincidently) .6180

That ascension from the .6125 level on May 22nd to .6587 on June 10th is unfounded... and its time to retrace back to .6150/.6190

Be smart - its time....

(Not investment advice, just an opinion)
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