NZD/USD Short by pipballer

NZD/USD: 4-hour

Long or Short: Short

Entry: .8315

Stop loss: .8375 (60 pips)

Profit Target: .8230 (85 pips)

Trade Rationale: NZD/USD has just broken below key support at .8300. I think this is a significant break, as it had held as support for over 6 weeks. I also think that risk aversion is starting to make its way back into the market, so this may be a good time to sell comdolls / european currencies, and buy USD or JPY.

All you need is their leader to open his mouth and you’ll be 800 pips in the money