NZDUSD - Wheeler said....NZD reacted

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Wheeler, RBNZ chairman, said that the kiwi got strong despite New Zealand's fundamentals. A strong NZD could bring problems to the country's economy and the central bank might start selling some $N. The currency reacted pretty fast and fell back under 0.87.
From the technical point of view we can see a very good resistance at 0.8743 and a negative divergence on the 28 periods RSI . A fall could bring NZDUSD back to 0.8550/55
Positive selling opportunity.
Razvan knight1
The risk reward ratio is pretty good for this setup
PatStale Razvan
the trigger i was hoping for... let's see what this puppy will do.... :)
Razvan PatStale
maybe a short pullback :)
on pure technical analysis... well spotted. waiting for today to close under .8670 to go short on next day....
Razvan PatStale
If it will close below your level it will create a pretty nice engulfing :)
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