Looking to short NZDUSD at Fibonacci Retracement 61.8

Nov 3, 2017

Powell as the next Fed Chair seem to result is some pullback in the market. However, my sentiment is that dollar will appreciate in the long-term under his lead as there will still be gradual rate hike and reduction in balance sheet. U.S. economy is starting to pick up also. Nevertheless, today there is NFP data release which will show whether the employment in U.S continuous to improvement.

Looking to short if price did not break and close above 200ema and 61.8.

Reward to risk for this analysis is 8:1