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
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
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.
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.