NZDUSD – July 29th

As I plan to do every week I put up a currency pair which I think is a good signal and one I not only agree with, but one I put in my own trading portfolio. My trade for today is a NZDUSD short @ 0.8100. This currency pair has been on my radar screen since it broke out above 0.8000 and after a nice rally the NZDUSD is facing quadruple resistance levels which I think will cause this currency pair to move lower and retest the 0.7950 – 0.8000 level which is where I place my take profit. In case you want a chart you can check out the one provided by Paxforex for a visual picture or you create your own.