NZD/USD

dumb as hell talking heads over @ f.x.c.m.

NU shorts pause as $index comes into resistance, USD will have to break resistance plus hold above daily sliding channel

index is already in good shape bro ))) EU sold off 200 points almost. AU and NU to follow shortly.

you may be on something there.

image below:
candles are eurusd, line is nzdusd.

im selling too

The Haka made a song and dance with plenty of chop today, making DXY look more like a daily BO retest than Wkly demand but atm either could be true, so plenty of chop with mid ranged pairs
@ asgcorp, not sure what you mean about "good shape bro" ? but I like good shapes daily range on EU atm = 118, took 62

I'm normally a bear but I'm not ready to short yet, based on past channel behavior it's made a punch higher everytime. We havent even tested .6965 yet.. So we'll see

I'm with you on this one. Definitely holding off on the short.

Wow, more than 100 pips down from high of yesterday...
Am going to buy it now...am in at 0.6852 (buy) target 0.6900

Just rode that the whole way down needed this win haha. Brought back a tiny bit of confidence

This is not done falling. I would reverse till 0.6827 at least. Will potentially fall even further.

Agreed glib. It's still going very strong, only buys long enough to "catch a breath". Trailing stops in place and going to follow this until it runs out of gas around 67 *fingers crossed

Interest rate cut leaked by MediaWorks

http://www.nzherald.co.nz/business/n...ectid=11622541

IMHO, there may be substantial demand in the .6825-.6835 area.

This level may be a tough nut to crack. Previous S/R area, 61.8FIB, 200 SMA on the hourly, and ascending trend line all in confluence. A breach here opens the door to 6800 then 6760. In the meantime, I wouldn't be surprised to see some price stagnation. London may provide some clues as to the next move

Personally, I have built a small position from 6840-6855. I am targeting the 6890 area. If reached, will take half off the table and move remaining SL's to BE+

Good luck traders. Green pips to all

this is a strong H&S on H4 and the downside is substantial now on kiwi.

potential on downside is 6580

no comment. recommended to short sell kiwi yesterday.

meanwhile f.x.c. scammers are telling you to go long.

6790-6810 pin risk reversal NU will pullback to 6880 once we hit this area, new shorts be careful, I recommend you enter short on weak rallies to 6880, don't short sell now.

Nice little pop off support, took 30-40 pips. On the sidelines for now, see what type of price action we get after the US data print in a few hours