Long term short for NZDUSD, target 0.62
Updated
In my previous analyses about NZDUSD, i also talked about a log term prediction. I expectd it to rise the previous top around 0.698, but it got even higher, so this looks like a perfect entry point to go short, with a stop around that resistance line at 0.706, it should stay under this line. I am putting my stop around 0.715.
Trade closed: stop reached
The dollar is even weaker than i thought. Against the Euro i have another analyses, a long term one describing how i for see a coming economic decline for the US. The dollar will probably loose against more other currencies. To bad trade got stopped out, that's the danger ofcourse of only using TA sometimes, without fundamentals.
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