New shorting opportunities may arise, if price finds resistance right after the breakout from the bearish channel it's been following since early Feb. The euro has been the weakest currency since the beginning of this year and the kiwi the strongest one since last Friday, when the US dollar weakened. The EUR is getting overbought, so betting on its weakness against the NZD seems to be a good idea. However, if entry at around 1.445 fails, new opportunities may develop just below 1.48 and below 1.50.
