NZDUSD - Possible retracement to 0.83173
Kiwi took a beating along with Aussie during the week. China's PMI might have provided some temporary relief but technical resistance at 0.8613 is likely to push Kiwi down to retest 0.83173 region which was past resistance which gave way, but was not tested for support. This retracement should provide a good opp. to long the pair again. The final target comes in at 0.9
Above set up offers a small counter trend trade if the high of 0.86944 is untouched targeting 0.84.
Above set up offers a small counter trend trade if the high of 0.86944 is untouched targeting 0.84.
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