NZDUSD

The New Zealand dollar went back and forth last week but is a bit overextended to the downside. What is worth noting is that we ended up forming a bit of an inverted hammer, so it is likely that we will eventually find sellers on short-term rallies. Any sign of exhaustion on a short-term chart I will be shorting, and I do believe that it is likely that we will try to get down to the 0.63 level.