Wednesday saw rather lukwarm trading action, with not much to comment on. For most of Forex world it is Thursday already. We just had an economic news realease in Australia. AUD had a strong bullish reaction, but it’s retracing. NZD followed in a “sympathy move”. Here is a chart that looks promising to me- 4H GBP-NZD.

I just placed a sell order at 2.5970 with a target of 2.5820. About 150 pips potential profit. Due to the time frame chosen here, it’s possible the move will not happen today. We’ll see.
Mike K.