Wizard
Short

NZDUSD: NZD exhausted, but USD has been strengthening Bias?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD/USD             has been in an uptrend since 2013-08-30, it's last move up is looking exhausted, and has been moving down in the direction of trend-line-resistance and previous structure-resistance for a few days. I think that it's likely to retest the trend. I have a shorting bias on this pair - NZD/USD             , and i think that i will continue to have it for about a week, depending on the analysis of the moves that haven't jet taken place and US dollar             performance with other pairs. I will be looking for shorting opportunities here, but this pair could as well trade sideways. I might post some trading opportunities on this current Bias.

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Author: Mr. Wizard
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