.7200 holding the upside in check...for now(NZD/USD)
Resistance at .72 and the 100 DMA (red line) has held for the past 3 days.
A failure here could see a move back down toward the 200 DMA (green line).
I am looking to sell but I am not sure how aggressive I want to get before the FOMC announcement on Wednesday.
I will probably sit on my hands in this pair until Thursday.
Month-to-date trading results
# of trades:3
winners:2
losers:1
pips won:64
pips lost:14
net:+50
A failure here could see a move back down toward the 200 DMA (green line).
I am looking to sell but I am not sure how aggressive I want to get before the FOMC announcement on Wednesday.
I will probably sit on my hands in this pair until Thursday.
Month-to-date trading results
# of trades:3
winners:2
losers:1
pips won:64
pips lost:14
net:+50
