FX:AUDNZD Australian Dollar/New Zealand Dollar
The Reserve Bank of New Zealand may cut the official cash rate by a quarter point to 2.5 percent with its statement on this Thursday so please be cauctious this trade. But I beleive that RBNZ will wait to see if the US hikes US rates in December, because that will push the NZ dollar down and push in New Zealand up.
Trade active: Short entry from 1.0950
Trade closed: target reached: Closed 1.07200