NZDUSD Upcoming Short

Dec 8, 2016

2 areas of interest for short entries

Dec 8, 2016

Note

0.7250 resistance is most likely spot for down trend continuation. FED decision next week will be primary mover data wise for this pair. Market pricing of seems not to have happened yet - which seems strange as outlook for FED rate rise is 100%. Trump is an uncertainty and likely will not have any clear leads on policy outlook until Jan.

NZs PM resignation will be played up by local media - a 'storm in a tea cup' over next PM of NZ. All major parties are so central leaning that no political impact should be faced in this pair in the near future.

Upper TL around 0.736 area will only be considered in the next few months and most likely result from US policy outlook - so all trades made will not be swing trades and taking profits 50 ~ 80 pips at a time to account for uncertainty in the near term.