NZDUSD

Trend-Outlook: Bearish

Trading method: Technical, Volatility breakout method and Trend following trading method.

Time frame: hourly chart.

Indicators: RSI and CCI.

Trading plan: Sell lot sizes of 500 000 units; hold positions for longer durations in the direction of the trend;
entering on tops and exiting on bottoms using CCI and RSI indicators as guidance.

Expectations: NZDUSD to weaken relative to the US dollar. The 25th of Jan 2017, 02:00 marks an
important price level. If the the currency fails to break above 0.7300 level, then a bearish reversal
will push the price down to lower levels

Thoughts behind the deals: With the value of CCI at 122 (25th January 2017, 21:00),
I expect to see a decline in the strength of the NZD dollar against the US dollar as the CCI value continues to drop .
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