NZD/USD=Sell

The Kiwi has fallen to a new low against the dollar and the move has most likely signaled a new sell signal. I have actually been short the NZD/USD pair for about a week now (along with the usd/jpy and the eur/usd) and now it is starting to look like a good trade that is worth adding to. Here is a daily chart:Note from the above chart that the trender lines are giving a sell signal and that the fisher trasform (one of my favorite indicators) is giving a sell signal as well. I'm not saying to run out and sell the kiwi short but, it seems to be a pretty good trade for the time being. If you do choose to take a position one way or the other, just remember that Forex offers a substantial risk to any individual trader. Please take care when making trading/investment decisions.

Good luck out there.

TLT