FX:NZDUSD   New Zealand Dollar/U.S. Dollar
9 months ago
NZD/USD has pushed north for the last day and a half but the pair remain in a downtrend whilst .6896 holds so selling at resistance looks worth while.

I'm SHORT at .6735 with a STOP above the high at .6753.

Target initially is .6558

9 months ago
Trade active: SHORT from .6735
STOP .6753
Target .6558
9 months ago
Trade active: Still SHORT this trade.

I've had to move my STOP a little to accommodate the last hurrah from the BULLS but now with overbought conditions on multiple time frames I expect to see this pair head lower.

.6724 will be interesting as this was a strong resistance area that may support but I expect price to eventually move south.

H1 RSI is now reading 69 (was 73) and I expect to see a steady move south from these levels.

NFP day tomorrow so anything can happen but we should have locked in a fair profit before then.

Anyone not in this trade then enter now.
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