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3 Mar 2014
Flash: NZD/USD could see ST down move to 0.82 - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, NZD/USD may present a short opportunity.
Key Quotes
"Since September last year, the Kiwi has been stuck in a range between 8400 and 8050. The resistance has been tested now 5x, forming pin bar signals 3 of those 5."
"If the range holds, we could see a short term move down to 8300, with further downside available towards 8200 and potentially the range bottom at 8054."
"This trade was discussed in the members forum and bears not short can look to get short on weak intra-day pullbacks towards 8375 and 8400."
Key Quotes
"Since September last year, the Kiwi has been stuck in a range between 8400 and 8050. The resistance has been tested now 5x, forming pin bar signals 3 of those 5."
"If the range holds, we could see a short term move down to 8300, with further downside available towards 8200 and potentially the range bottom at 8054."
"This trade was discussed in the members forum and bears not short can look to get short on weak intra-day pullbacks towards 8375 and 8400."