Looking to short NZD/CHF with a test of the 0.7050 resistance level or just shy of (in at 0.7041). As mentioned in last week's scalping report, the pair has continued to range between 0.6950 and 0.7050. Event risk for the pair is limited until Thursday's New Zealand building permits, which are expected to show some weakness-Helping this scalp. Short targets are set at the 0.70-handle, 0.6980, and 0.6950. With the kiwi strength seen in the last few days, stops are tight at 0.7070 (20pips) and 0.7090 (40pips).
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