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Petr_Suchanek

NZDUSD OPPORTUNITY FOR THE SELLERS

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Dollar New Zealand / Dollar AS (FX:NZDUSD)  
Petr_Suchanek  
FX:NZDUSD   Dollar New Zealand / Dollar AS
3
0
We had a nice test of highs in Kiwi Dollar yesterday. As the price action shows, the buyers ran out of steam above 0.8540 and were washed down by the sellers. In my opinion it is a sign of weakness, which might result in a further drop. A nice Risk-Reward opportunity for a SHORT might be a retest of 0.8570-0.8580 area.

Petr

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E-MAIL: psuchanek@smbcap.com
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