FX:NZDUSD   New Zealand Dollar/U.S. Dollar
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

Trade active: SHORT from .6735
STOP .6753
Target .6558
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.
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out