Fade NZD

With FOMC mins being some what less dovish than the market expected, this might be a good spot to fade the NZD rally with one eye on the RBNZ meeting and rate decision (still expected to be a cut) on the 8th of May. I have initiated a short and will update with levels on stops and profit targets as the trade progresses

Commentaire:

Ultimate goal on this is to be long AUDNZD, so looking for an AUD pullback vs USD to get that pair on

Trade fermée: cible de profit atteinte:

OK, you have 2 choices here, either start to take your profit, or try and roll into an AUDNZD long. I have taken the 2nd option as I think AUDNZD could extend to 107!
Good luck with whatever you decide to do