There may be a potential sell opportunity forming on the NZD/USD.
At the time of this writing, the NZD/USD appears to want to bounce higher after tumbling to a low of 0.6368, where it has found intra-day support. This may provide a new opportunity to re-enter a trade that will allow you to short kiwi over the US dollar, if it corrects to 0.6397/0.6415 zone and markets remain risk averse.
If you would like to receive FREE High Probability Trade Alerts & Signals in EUR/USD & USD/JPY, sent directly to your mobile phone via text messaging and email, then please consider joining our free signaling service at the website below (zero-cost):
Marvin Perry has been an active trader within the Forex market since 2010. He attended the University of Illinois in Urbana/Champaign, and graduated in 2002 with a double major in Cell and Structural Biology and Chemistry. He currently serves as an FX instructor & Quantitative Analyst for the Forex Anatomy Private Trading Community called "The Lab", where he conducts live weekly trading webinars & instruction on Fundamental Analysis & Inter-Market Interpretations of dynamic asset classes and their influence on currencies.