theselfishtrader

NZDUSD - possible short trade setting up

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Should price pullback from this support level , the 23.6% Fibonnaci level (0.71781) offers the first area of resistance. If the trend is strong this could offer the first opportunity to hop on for the ride. Otherwise 0.725 has confluence with the 50% fib.