Have not traded the kiwi for some time. Was looking around the currency pairs. Decided to have a position for this NZDUSD
Technical (Ichimoku)
Tenkan-sen is currently inline with Kijun-sen, and above the kumo cloud. However, price itself accelerated downward, penetrating the kumo cloud, and now trading below the cloud low. Chikou span has also penetrated below the cloud low due to the price action.
Strategy (Ichimoku)
In general, price action below the cloud low denotes a short. An idea situation will be the price action cutting below the Tenkan sen, the tenkan sen cutting below the kijun-sen, and all trading below the cloud gradually, with chikou span cutting below cloud low as best signa.
Short position has been established. It was established during a pull back and near the cloud lo. Depending how the price unfolds, can look forward to add more position. The AUD and NZS usually trend well.
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