Black Swan Forex: NZD/USD Daily Forecast - Bear flag setup?

Update: NZD/USD Daily Forecast - Bear flag setup? [http://r20.rs6.net/tn.jsp?e=001uTGaxOm772lJrV4gOo--edkLM5pXu254Gh4-HDz97y0H4wNIgsBTDbszZr4bUt16lDfYV1z7joc-EfrnWDWNuSeOFMoyG86kOnr_cIf-XzVImkxmQ07zz_3LZQGncEfJJ8MhKZqvqr5bWEEo1u9y8pQjEviDF6YR]

9 October 2013/12:15 p.m. ET

Issue #625

NZD/USD Daily [last 0.8293]: An interesting daily setup seems in play. After a sharp rally that retraced 76.4% from the daily swing low to high, the pair hit resistance. We had a correction then minor test of the high. Looking to sell a break of the near-term low range that comes in at 0.8266...if we get some type of risk-off move, given all the politics swirling, I would suspect commodity currencies get hit. And the strongest of the crowd is NZD...maybe some catch up time is due. Also, commodities are sharply lower today, with crude off over $2 and gold down $2. I think the trade makes sense; but letting the market take us into the position with a sell stop order.

Please click on the link below to view the issue:

https://static.squarespace.com/static/530f66d6e4b05207a038945b/530f6854e4b0f37a89428bdf/530f685ae4b0f37a894296dc/1381335789027/100913%20BSF%20NZDUSD%20Daily%20%20625.pdf [http://r20.rs6.net/tn.jsp?e=001uTGaxOm772m3BR5afNoChwf8ciPOW-mYGyMsi68akCQu8PsiG-iw_Aas5wbvaBwElwgDW0X2t4CbUFKZcowoqLL0yxJWTPV7q2xz3NbHk0mwd2Kc_DWHl9GQpJ-vFIEMm9cS3ELdPyANFj9tI_RrjylApopj4WXPE7srWdrAVXJRxmPKHisEPZNb6cTHtOkBbejl0oMxdubKhejZ09X9aaaW7XxKVGmqss4tC1Ny-TM=]

Thank you.

Regards,

Jack Crooks

Black Swan Capital ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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