Short NZD/USD from 0.8400

On Wedesday we took advantage of an overdone intraday rally and sold the market at 0.8400 with technical studies also tracking in overbought territory and warning of a pullback. So far the trade has shown decent follow through and we have already gone ahead and moved our stop to break-even to eliminate all risk. From here, we look for a bearish close on Thursday to help confirm bias and acceelrate gains further towards 0.8000 over the coming days.