Probably the best thing to do today (and tomorrow) would be to stay on the sidelines because of the uncertainty with Greece rollover plan. And that is exactly what I’m going to do, wait until Monday and reassess each currency pair analysis when the turbulence is over. Just so you know, one of the crosses that I’ve been monitoring and I’m very comfortable with is the GBPNZD, it is trading in a very clear bearish condition (its trading around historical lows) and it is likely to continue its way down:
As long as the GBPNZD trades below 1.9440, I would feel comfortable trading on the short side.
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Tags: GBPNZD Analysis