Technical analysis NZDUSD 08 June 2015

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
43 0 1
Very messy situation on NZDUSD             , the pair is falling hard for a long time and there is "swap problem"

Shorting NZDUSD             right now is not a suitable option.

Simply, the high swap costs will kill every strategy.

At the same time is not safe to buy.

The best thing to do is to stay away for this pair...

Very far away.

We could touch the low of the channel at 0.6700.

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