Kiwi has resistance at 0.8280 and a double top formation at 0.8260.
Chart below
Following the bout of USD strength a cross of the averages has taken place and a short opportunity has developed.
There is trendline support below, however this is 50 pips from the entry.
I will move the stop to break even before we test this area to remove the risk from the trade.
If we get the pull back, I will be looking to enter short at the levels below
Chart and entry levels below.
Entry: 0.8205
Stop: 0.8225
Target: 0.8105
Regards
Scott
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