200PipsClub

Short preferred below .6600

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1
I can't talk enough about this pair.But let me try.Right now the pair is at the confluence of 200 SMA,61.8% Fib retracement,horizontal support and the .6600 round number.On the fundamental side,RBNZ may announce a rate cut today.If that happens,it'll perfectly match with the expected rate hike by the federal reserve giving me a bearish bias.So I'll slowly add to the size if price falls as my expectation.Otherwise I'll stay aside.Will update the post when I take a trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.