NZDUSD: Take profit and look to re-sell
|NZDUSD closed below daily Ichimoku Kijun-sen and 55 day MA.
Momentum shows clear bearish sign.
We suggest to take profit on yesterday's short position from 0.7322 (spot 0.7258) and look to re-sell rallies.
Ideally today should not close above 0.7316.
Over time, we could not rule out re-test 0.7117 level.
Directly close above 0.7394 will negative this view.
NZDUSD Trade Idea:
Sell limit @ 0.7282 stop 0.7340 for 0.7206
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