Short NZD/USD Short

New Zealand Dollar / U.S. DollarFOREX.com

Description

⋅ Aug 14, 2017 6:05 AM

Trend continuation trade to previous structure. I believe price will come down to test psychological level .72. This level also has a 1.618 extension. IF price reaches this level, this may be an area to go long as well.
R:R 3.46

Comments

ikecant

⋅ Aug 15, 2017 12:23 AM

0.7250 is a very hard level to break through, and the retail sales for the NZD mixed with a weak DXY could bring this pair to see some new highs IMHO

UnknownUnicorn1186039

⋅ Aug 16, 2017 4:28 AM

@ikecant, I agree with your view! We are sitting at that level now, we shall see what the markets decide.