NZD/USD 26 JULY 2012

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

We have a new B swing low with a bounce to the 382 thus far.

FOR TODAY:

We need to wait for a retracement to the 618/786 for a sell entry.

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 wait for a retracement up to the 618/786 for a short entry.

If we don’t get the set-up 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.