As we well know, when strong trends are in play these indicators can stay overbought for a very long time. I’m not going to jam my technical analysis down your throat (you can see mine in the members section medium-term technical analysis) but even a very modest pullback would take this pair 300 pips lower. I refuse point blank to trade the Kiwi but the risk reward in selling with a stop above 79.65 does look quite attractive. I’ll stay instead with my small USD/JPY short from yesterday and might look to add if the crosses turn nasty.
