Short NZD/USD

Short NZD/USD


Fundamentals:- We have retail sales out from NZD tonight at 11:45pm so the markets will just be open in time. Depending on the figure will depend on where we enter this trade it might be that the market even opens lower than it closed in anticipation of the data. Expecting the USD to continue strengthening into the week next week certainly against the weaker currencies.

Technicals:- Just looking for basic support and resistance on this one a push up to 6940 or 7000 would both be good sell levels.

Sell limit 6940 / 7000
stop loss 7050
take profit 6800