Commentary: The NZDUSD is in the exact same position as the AUDUSD in that the rally has extended but a pullback is due. This pullback will present an opportunity to get long but given reward/risk at the current juncture, a short term bearish position is warranted now. Potentail support begins at .7720 (38.2% of .7383-.7928).
Strategy: Bearish, against .7933, EXIT .7650
Al Bawaba
