SonicDeejay
Short

NZD/USD Daily Update (22 Oct 2016)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The market structure is still BEAR on this one.. as long as the price is below 0.7250 level
it is a better BET to go Short on this pair which has better chance surviving (making $$)


Trade Safe,

s0nic
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Certainly could be more downside, sold out my shorts of 2/3 days, mainly didn't want to weekend hold and thought USD would turn...however, will watch closely again next week..USD getting to highs though if this changes NZD will go for another cycle up, Rumour/expectations of a rate decrease next NZRB meeting early NOV. Cheers Ron
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Great insight.. Ronnee..

Thx
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