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LearningFX
Jun 12, 2014 2:51 PM

GBPNZD looking for it to retrace upside 

British Pound/New Zealand DollarFXCM

Description

Since the NZD rate hike and all the hawkishness we saw from Wheeler ignited huge buying into the NZD pairs as market was not expecting this at all, I'm thinking it should start retracing a bit but it is a risky trade though looking at that sell off in the GBPNZD, I would prefer having a smaller stop.

learningfx.com/
Comments
LearningFX
1.94400 sorry.
LearningFX
Since I got some nice quick movement.. took +50 pips at 1.94500, leaving some at b/e for more
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