NZDUSD - Bearish and Sell .6437 Rally
Despite Tuesday closing little changed yesterday's signals pointed just cautiously lower. This outlook was proven correct as sentiment gave up this week's initial gains via a lower daily high & low with losses of just over 1 Big Fig. As such, signals for Thursday remain bearish and the call is to sell at the open and then at Wednesday's low at .6437 with a stop loss at yesterday's London high at .6470. Targets are to Monday's low at .6384, the 200 DMA at .6324 or even the Jun 2 bottom at .6263.
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