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NZDUSD: Positioning Hints Sellers Set to Return

NZDUSD: Positioning Hints Sellers Set to Return

2010-03-19 12:33:00
Ilya Spivak, Sr. Currency Strategist
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NZD/USD

Strategy: Pending Short

NZDUSD may be carving out a top below 0.7180, the 01/22 wick high, with prices showing a Shooting Star candlestick formation. This is a relatively weak signal however and requires confirmation so we will look for a bearish close o the current candle before moving forward with entering a short position.

031810 NZD


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