NZDUSD OPPORTUNITY FOR THE SELLERS

We had a nice test of highs in Kiwi Dollar yesterday. As the price action shows, the buyers ran out of steam above 0.8540 and were washed down by the sellers. In my opinion it is a sign of weakness, which might result in a further drop. A nice Risk-Reward opportunity for a SHORT might be a retest of 0.8570-0.8580 area.

Petr

YouTube Channel: bit.ly/17jWiog
TWITTER: @FlexibleTrader
E-MAIL: psuchanek@smbcap.com
Blog: bit.ly/1qaZNHk