FX:NZDUSD   New Zealand Dollar/U.S. Dollar
34 0 1
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.
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out