gdf_fx

NZDUSD Possible short

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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1
Not an ideal set up for me but something that could play out if we see weak commodity currencies and a strong dollar.
wouldnt want to enter until a break and retest of the channel as the pair has been in a steady uptrend.
The rejection at the 50% weekly fib retracement does provide some stronger motive for shorting however i need more confluence.

If the channel does break im expecting a bounce off the key psychological level 0.7 and then a retest before shorting to the high volume nodes around 0.68

Again not an ideal set up, AUDUSD looks alot clearer to me