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NZDUSD and here’s a losing trade but wait!

Ok you know when you get a losing trade there’s a tendency to justify it. Well here goes. At the end of the AUS session they rallied NZD and dropped the USD and AUD.

However you can see the overall trend is bearish, A on the chart is a strong support/resistance however my feelings are it won’t get up there and will during the USD/EUR session come back down…just might take a couple of days.

There is a lack of news today so it means probably another day of watching paint dry unless someone starts a war or steals all the oil.

On the plus side I do have an AUDJPY and EURCAD doing well and a GBPCHF that is 4 pips the wrong way but has gone nowhere for a few days. So I’m balancing out :).

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