NZDUSD: Clear short at weekly resistance

NZDUSD has an interesting short setup in the making. If we break down from here I could see it retesting the weekly mode at 0.6721, as depicted on chart. You can enter shorts at market with stops above 0.72721, and risk 0.5-1% on it. Add after it moves 1 atr in profit.

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Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance-0.38% on such information.

Comment:

Already good progress confirming momentum. This looks like it'll be a very good move.