So that being the case, I'm watching NZDUSD for a few reasons, let me elaborate:
1. 0.7500 is the 50% fib from that big high that happened in early 2014 to the low of 2015.
2. NZDUSD has failed to make a new low since that one test a year ago at .6200 (currencies like the yearly trend)
3. we're at the stop of a nice multi-month channel showing good signs of failure (50% fib coincides with channel top)
4. because I want to sell the shiz out of it already!!
5. because I said so!
If 7500 holds i'm looking for shorter term confirmation to start shorting, no guess work here we're looking for a break out.
.7200 looks like a good near term target.
I'm still targeting the bottom of the channel, at this point 7150 looks like a good profit target. Start looking to move stops into profit on earlier entries.