Very messy situation on NZDUSD, the pair is falling hard for a long time and there is "swap problem"
Shorting NZDUSD right now is not a suitable option.
Simply, the high swap costs will kill every strategy.
At the same time is not safe to buy.
The best thing to do is to stay away for this pair...
Very far away.
We could touch the low of the channel at 0.6700.
More info: crocotrading.blogspot.it/2015/06/technical-analysis-nzdusd-08-june-2015.html
Shorting NZDUSD right now is not a suitable option.
Simply, the high swap costs will kill every strategy.
At the same time is not safe to buy.
The best thing to do is to stay away for this pair...
Very far away.
We could touch the low of the channel at 0.6700.
More info: crocotrading.blogspot.it/2015/06/technical-analysis-nzdusd-08-june-2015.html
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.