Short preferred below .6600
I can't talk enough about this pair.But let me try.Right now the pair is at the confluence of 200 SMA,61.8% Fib retracement,horizontal support and the .6600 round number.On the fundamental side,RBNZ may announce a rate cut today.If that happens,it'll perfectly match with the expected rate hike by the federal reserve giving me a bearish bias.So I'll slowly add to the size if price falls as my expectation.Otherwise I'll stay aside.Will update the post when I take a trade.
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