The NZD/USD looks to have extended its two day decline as price action now holds below the 20-day SMA. Indeed, I have been short the pair since 0.7000 following the break below the range of 0.7150 – 0.7030. As of late, the pair looks poised to test 0.6856, with a break below exposing pivot support [...]

Staying short the CAD/JPY last week proved prudent as the pair would hit my second target of 86.00 where I took partial profits. Yesterday’s flight to safety saw the pair break below 84.00 where I closed the remaining position. The pair has seen significant support at 84.00 and 83.00 going back to August, 2009 which [...]