This morning we have a couple of big news for NZDUSD and guess what. Its a bad situation. Currently I am holding long post at a loss. These things happen a lot where technically NU is ready to turn but due to economic news it continue to slip down.

Hopefully the drop is not by much since its already in an oversold condition. So I will continue to hold the loss position and hoping for a positive move soon. It may be next week since the news effect really delay things.

For EURAUD, it has enter the overbought condition. Technically it should turn somewhere soon. For today entry for short is at 1.6619. It is an estimation which is hard to do since this pair has a very wide spread and agresive movement.