Snehath
Long

Watch out for NZDUSD 0.6700 level

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
I have been short on NZDUSD             from 0.7020 and finally see a butterfly pattern to go long. I will look for reaction at 0.6700 and see what happens. Some NZ             news coming up at 4 a.m tomorrow morning so this level maybe touched and we should see a bounce. However this pair is clearly bearish now, so I won't be in a hurry to long. We may even see a complete bash through tomorrow morning.

It also coincides with the NZDCHF             0.65 post I did over the weekend.

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