FX:NZDUSD New Zealand Dollar/U.S. Dollar
Lots of resistance for this pair. This would be a great entry to take 1/2 off around 0.67398, move the stop to B/E and let the rest ride. Entry is well justified and could *very optimistically* lead to a retest of .62000. If defined resistance areas are broken, expect new highs and look to re-short at a better price.
Comment: Got stopped out of initial position but was able to re-enter at a better price. I would imagine price would have retested yesterday's low if it weren't Friday. Though, because today's drop was barely faded, I wouldn't be surprised if there was another sharp move down between 4:00-4:30 EST today. At the very least, I expect price to retest .6700 before any meaningful move to the upside. The retest of .6700 should happen by Wednesday at the latest.
Comment: Though I made a small profit, I got stopped out of my most recent position on this pair on the U.S. core durable goods news this morning just after 8:30am EST.