I will be shorting NZDUSD at current price, if you've been following my NZD analysis you know that I am looking for some significant depreciation in the NZD currency pair in the medium to long term.
While .64000 will remain to be a key technical level, NZDUSD has managed to soar up to the weekly bearish strength.
I am Short on NZDUSD - I will only reconsider this position with a daily/weekly close above .6750.
Feel free to comment/like/follow.
Commentaires
forexmech
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Where is your SL in this case. thanks in advance.
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I do not use a hard stop loss forexmech - my analysis for NZDUSD will need to be reconsidered for long possibilities if we get the daily/weekly close above the bearish trend line.
JulioCesarTorresO
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Do you think it is still ok to enter a short position on this pair?
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Hi JulioCesarTorresO, yes I do - I still expect the .64000, but a substantial pullback from this trend line first.