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Gav's trading blog - Perseverance, Consistency, Confidence

Chart of the moment: $NZDUSD 06 August 2010

by Gav

I am not trading today, but still watching the markets. During my morning chart reading, NZDUSD again pops up. I shorted it yesterday, and position was closed. Kiwi dollar was back to 73c during Thursday U.S session. And, again, 73 cents blocked it.

Here is the CHART. Do you see anything interesting?

Enjoy! I am going for my cup of Espresso now :-)

Comments

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  1. John Adams — Trackback
    Chart of the moment: $NZDUSD 06 August 2010: I am not trading today, but still watching the markets. Durin... http://bit.ly/akMI2m
  2. Gav (Trader Gav) — Trackback
    Chart of the moment: $NZDUSD 06 August 2010 http://bit.ly/azRqDh
  3. elian
    good call Gav. I see it has clear some people at 7290 as you have shown but got continuously supported on the ascending trend line on the h4. Tough month of august :( What made you close the trade ? Care to share ?
  4. Gav
    The trade I mentioned was a short term trade. TP was achieved and did not wish to risk more on NFP Friday.

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