Hello traders good to be with you as we have just a couple of notes today the U.S. markets have closed in the red for the third day in a row and the US dollar is being beating up the last week. All the markes closed in the red yesterday as Oil closes below 40$ per dollar as Gold increases 12.00 $ yesterday.
Today we look at the NZDUSD as my bias is bearish and this pair had a up day, as there have not been good numbers and this is all about the very weak dollar as the Fed has just done and said nothing. It is said by media that the Fed has basically has no foreseeable increase in interest rates so I am expecting some dollar strength today. This is why I like this trade plan as this pair is at resistance and a great place for a sell trade and we do not have to wait for the London open. I am looking to sell this at the price of 0.7211 for the sell entry with a bearish candle and conformation. I am looking to take profit at support of the 200 EMA at 0.7160.
Thank you traders and we will talk soon……William