we got in a short in NZD/USD because the fundamental bias with hawkish Fed vs dovish RBNZ. Fed is looking for 2 more hikes while RBNZ is not looking to hike in 2017.
Fundamental datas also gave U.S a much better picture than New Zealand.
Technically we had nice kangaroo tail touching 0.7050 and 25 EMA resistance with 3 other EMAs above as strong resistance.
short NZD/USD
@ 0.70
SL @ 0.7150
BE @ 0.6850
we got in a short in NZD/USD because the fundamental bias with hawkish Fed vs dovish RBNZ. Fed is looking for 2 more hikes while RBNZ is not looking to hike in 2017.
Fundamental datas also gave U.S a much better picture than New Zealand.
Technically we had nice kangaroo tail touching 0.7050 and 25 EMA resistance with 3 other EMAs above as strong resistance.
short NZD/USD
@ 0.70
SL @ 0.7150
BE @ 0.6850
