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nzd-usd
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- Feb, 05 NZDUSD: Short Position Pending Break of Channel Bottom
- Jan, 29 NZDUSD: Down Move Slows at Trend Line Support
- Jan, 22 NZDUSD: Losses Mount as Support Suddenly Evaporates
- Jan, 15 NZDUSD: Fading Relative Strength Studies Point to Weakness
- Jan, 08 NZDUSD: Positioning Hints Bearish Reversal Ahead
- Dec, 22 NZDUSD: Downside Favored After Range Support Breach
- Dec, 11 NZDUSD: Sell Entry Sought As Prices Consolidate
- Dec, 07 NZDUSD: Channel Guides Prices Lower, Short Entry Ahead
- Nov, 27 NZDUSD: New Zealand Dollar Short All But Triggered
- Nov, 13 NZDUSD: Bearish Reversal Building But Confirmation Needed
- Oct, 30 NZDUSD: Bears May Return But Confirmation Still Elusive
- Oct, 23 New Zealand Dollar Bulls Retain Momentum
- Oct, 16 New Zealand Dollar Tests Trend-Defining Resistance
NZD/USD
Strategy: Pending Short
NZDUSD has bounced sharply lower after a re-test of previously broken support at the lower boundary of a rising channel that had guided prices higher since the lows in March. However, entering short at these levels does not look prudent with the presence of horizontal support at 0.7144 skewing risk/reward considerations. We will remain on the sidelines for now, looking either for a bounce from or a break below 0.7144 to look for selling opportunities.
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