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morgansadinosaur
Jul 26, 2015 1:47 PM

NZDUSD bout to droppp Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hey guys, haven't posted in ages because I've been forgetting and just trading alot more so I had less time to post

So as you can see the creation of a new level, and some consolidation at the level leads me to have quite a strong short bias here.

Also FA wise the NZD is quite weak, as a result of interest rate decision last week.

It is quite a big week for the dollar so obviously i will have to analyse that news before taking this trade. I also might pair the NZD with a weaker currency.
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