Today’s FX Thoughts  -  MARCH 5th   

Mar 6^th: An update to this trade will be given in my daily forecast updates to be issued later today. They also cover EUR, CHF, GBP, JPY and AUD.

If you would like a trial of my daily forecasting service email me at TRL@clear.net.nz

Today, I am most confident about NZD/USD:

As highlighted last week, NZD/USD has made an “Outside Reversal Day” (see Chart below) and remains within a broad corrective decline. I am now Selling the Kiwi for a decline toward the late .8100’s.  Resistance at .8320/.8335 probably now contains and I will seek protection on my Short position just above the .8335 level (initially) for minimal loss if stopped.

Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.