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IDEA FOR NZDUSD NEXT WEEK.

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
258 0 1
Last week, I won 74.9 pips in NZDUSD             pair, I SHORT NZDUSD             from 0.8274 to 0.81
Now, I consider NZDUSD             pair for next week:
Fundamental Analysis:

If I choose the trend of USD this week is bullish trend :
IDEA FOR SPX NEXT WEEK.


Hence , NZDUSD             will be bearish trend .

There are two problems we should know:
- FED continues to unwind the QE3 Stimulus.
- RBNZ unchanged interest rate, the rate hike moves to March.

Thus, The mood for trading NZDUSD             is SHORT , it is very dangerous to LONG NZDUSD             now.

Next week, If NFP report is positive, the Sell-off force would be more and more strong.

Technical Analysis:

Last week, NZDUSD             broke 4 important levels:

- NZDUSD             in turn broke SMA50, SMA100, SMA200 , all short term trend, medium trend , long term trend are broken.

- It also pierces very strong support : 0.81 level. 0,81 was key resistance and suppost level in the past, I show on the chart, Now it is officially broken.

- The long term trend is also broken ( the green line)

- NZDUSD             is now trade below Kumo cloud.

This is the time to SHORT NZDUSD             , there is still more room for SHORT NZDUSD             . I have three levels on the table now:
- 0.8
- 0.7934
- 0.788

I think in the long term, NZDUSD             would test 0.788, this is the lowest level of NZDUSD             because NZ             economy still perform very well, and we know RBNZ will hike interest rate, the problem is time.

The first level I choose is 0.8, I will SELL NZDUSD             to 0.8 level.

I hit a SELL Limit position at 0.81 , target 0.80, stop loss at 0.82

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