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NZDUSD: Waiting for Confirmation to Short

NZDUSD: Waiting for Confirmation to Short

Ilya Spivak, Head Strategist, APAC

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.

NZDUSD_Waiting_for_Confirmation_to_Short_body_Picture_5.png, NZDUSD: Waiting for Confirmation to Short

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow me on Twitter at @IlyaSpivak

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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