The USD continues to be one of the stronger currencies today with the NZD continuing to be one of the weaker. That means we should look for selling opportunities on the NZD/USD.
Here is a 4-hour chart showing the support and resistance on this pair. Aggressive traders can use their favorite indicator to show changing momentum from the upside to the downside for entry while more conservative traders can sell on a move down through support. Protective buy stops should be placed above resistance with limits to take profits set at twice that risk.
