NZDUSD SHORT around 0.6720-0.6730

Impressive run in the kiwi over the past month.
.6720/25 is a big area. Key level and 38.2% fib. We also have the 100 wma average come in at 0.6728. So im expecting a correction in around this area (0.6720-.6730)
Things to consider: 151m option expiry at 0.6740 at NY CUT and 1445 Chicago PMI . WHEN AND IF setting stops

Comment:

Overnight CNY manufacturing data inline and a miss on the non manufacturing PMI. Price just popped its head above the 100wma during yesterday's trading and now is trading below the MA. Some early indications of momentum fading. Let's see how the day progress

Comment:

Usd sold off hard last week. I guess flows and end of year positioning. The nzdusd was pushed 0.6755 which is not too bad was from the originial trade call. to My target here is is around 66.30-66.50 area. i am now comfortable to short any rallies in this pair

Trade closed: target reached:

i have now partialled half of my trade leaving a runner