The stop on NZDUSD shorts from yesterday has been moved to breakeven (8446). Support may come in at 8375 but I prefer to simply move the stop down as long as the position works.
My interest is piqued in the NZDJPY at the moment. The pattern in recent months is strikingly similar to an AUDJPY pattern from 2006 that resulted in a December plunge.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail email@example.com.
Follow me on Twitter for real time updates @JamieSaettele
Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.
Jamie is the author of Sentiment in the Forex Market.
- Investment & Company Information