Art-of-FX
Short

NZDUSD Weekly look corrective.

FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
98 2 5
The NZDUSD             looks very corrective to me on a larger time frame. I plan on following closely till i see a clear break of the channel. It is a very simple outlook, but then again these are the best ones at times. If it breaks I will plan on taking a short and targeting the ascending weekly trend line . The higher it goes the more potential pips we can get.
It could break the upper channel line, though I doubt it, maybe over through.
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I agree it will probably an over throw, very common.
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