NZDUSD Short Opportunity

The weekly close gives us a brilliant indication that there is more misery to come for NZD, Thursdays and Fridays candles also show us that our pullback seems to be complete and sellers are once again happy to take control of price. Entries and exits are extremely straightforward with this one so don’t require much explanation. A break back below the weekly level we have in place at 0.6350 will be our preferred entry as this gives us a clear run at the lows previously seen at 0.6260. However it is 0.6160 that will be our ultimate target as all timeframes show signs of further downside movement.