NZDUSD Short Trade

On NZDUSD daily charts, the around the highs of Feb end is holding up.


Price is backing off after touching that area. Price looks over-brought as well.

I went short at 0.8450 and plan to add more on any spikes towards the resistance area. 

-----------------------------------------------------------------------------------------------------------------

NZDUSD Daily

UPDATE ON 18DEC12 at  2:25GMT: Resistance is holding up very well. 


Looks like price is consolidating near to highs. 









-----------------------------------------------------------------------------------------------------------------
UPDATE ON 21DEC12 at  3:00GMT: 
I booked the short at 0.8310

Its total of +140pips profit. 

A good one.