Trading sideways is indicative of a reversal. With pressure on commodities and event risk looming it's safe to say that the reason NZDUSD is trading sideways is because of Yellen, therefore while this is a good technical setup if there isn't follow through with important guidance I might cancel the trade just due to rollover fees I've experienced with this particular pair.
Watch for bullish activities but anywhere from .753 and up offers good risk-reward if you are short. I am short at the .753 but will readd any levels higher.
Watch for bullish activities but anywhere from .753 and up offers good risk-reward if you are short. I am short at the .753 but will readd any levels higher.