Verified Broker Support and Analyst for FXCM
FX-Men Honorary Member
Here's an interesting setup on NZD/USD. Was reading through this DailyFX article in the analyst arena thread US Dollar Carving Out Bottom Against Most Major Currencies and saw the NZD/USD outlook at the very bottom of the page. At first I thought the pending sell in NZD/USD was as terrible idea considering the uptrend, but if you look at a daily chart and draw fibonaccis, it's nearing hte 62% retracement level.