NZDUSD: Waiting for Confirmation to Short
Strategy: Pending Short
As with its Australian counterpart, NZDUSD appears to be at a very compelling place to enter short as prices re-test broken rising trend channel support but the absence of even minor confirmation argues for patience. As such I will remain on the sidelines for now, awaiting a cleaner signal to pull the trigger to establish a position.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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