NZDUSD Short
The last time I posted about this pair I was looking at a daily rising trend line that had been broken, retested and confirmed as new resistance, but that trade was invalidated as news pushed the Kiwi even higher. This time around I'm playing the break, retest and confirmation of the weekly rising trend line support level as new resistance. My first target will be the most recent swing low just below the 0.6000 handle. If price continues to move lower, then the candles will help me to determine an exhausted area to take the remaining profit. I have a hard stop at 0.5600 just in case.
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