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Short NZD/CAD @0.8020

Short NZD/CAD @0.8020

2011-05-31 11:01:00
Joel Kruger, Technical Strategist
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Rallies have been very well capped above psychological barriers at 0.8000 over the past several months and we will look to take advantage of this fact and have established a fresh short position. The daily RSI is also highly overbought to provide added warning for a near-term pullback. POSITION: SHORT @0.8020 FOR AN OPEN OBJECTIVE; STOP 0.8120.

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