theforexportal

Yet another NZD/USD SHORT trade brewing for this week

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD/USD is one of my favourite SHORT trades even though it has a unhappy knack of refusing to fall despite all the signs to the contrary.
Last week saw the pair push further north on 3 occasions and make new highs but with the 38.2 poised to exert downward pressure and the price at the top of a well defined channel. I can see this pair retreating to lower ground over the next week or two.
I'll be SHORTING this market from current levels looking for a move down to .6000.