NU Short 05/11/2016

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
46 1 3
Short on the NU. Hold for a couple of weeks.


1. Broken Trendline and pullback.
2. 38.2% pullback and rejection from the weekly support turned resistance.
3. Double top
4. Fundamentally - grown pressure of rate cut after AUD rate cut.
rate cut is not a factor at this stage due to house prices. See financial stability report.
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