FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading sideways is indicative of a reversal. With pressure on commodities and event risk looming it's safe to say that the reason NZDUSD is trading sideways is because of Yellen, therefore while this is a good technical setup if there isn't follow through with important guidance I might cancel the trade just due to rollover fees I've experienced with this particular pair.

Watch for bullish activities but anywhere from .753 and up offers good risk-reward if you are short. I am short at the .753 but will readd any levels higher.


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