mattycheung
Short

NZDUSD 1:3 Risk Reward SHORT

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Possible setup here on a technical basis.

Daily trendline
Resistance off the current area of supply
Fundamentals weak for NZD, slgihtly strong for USD

Comment: Fundamentals no longer in favour, i have an opposite conviction now that NZD will long
Comment: RBNZ statement dovish, likely see a long term down trend in NZD now after the statement. Future scheduled releases likely to be bearish
Comment: Various NZD negative news pushing the position further
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