SHORT NZD/USD from .7196

We are SHORT this pair from .7196 with price up against WR1 pivot and M1 38.2 Fibonacci.

M5 200 sma also sits above price, adding to difficulties for the BULLS.

The USD Index has found a little support so this may force the Kiwi back to lower ground to try and find some support.

Fluid STOP ¬†on this trade but above .7129 (yesterday’s high) and we will have to reconsider the position.

Target ideally would be .7075 (200 sma on H1) but US CPI numbers at 13:30 GMT and Fed Chair Yellen at 20:00 will have an impact on this trades direction.

 

 

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