NZD/USD 24 JUNE 2012

NZD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg

We had no retracements on Kiwi since falling on Friday. We will wait patiently for one.

FOR TODAY:

We will sell after a rally followed by a bearish cs formation with limits down at 7853.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: Will be going short only IF:

We will be looking for a rally followed by a bearish cs formation for a short trade setup with limits down at 7853.

If we don’t get the setup we are looking for then we don’t trade.

LONG: Will be going long today only IF:

No long trade setups today.

If we don’t get the setup we are looking for then we don’t trade.