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MDSADI
Nov 13, 2019 12:08 AM

Naked Short as long as 2.05000 level is held on closing basis Short

British Pound/New Zealand DollarFXCM

Description

Rate decision in a hour, market already priced in rate cut of 25 bps to .75 OCR. Hence, if rates are on hold NZD gonna appreciate and even if we have a cut it would be a sell the fact event. Furthermore the key focus would be on forward guidance, that would tell us if its gonna eventually hit our stops

NB : Play cautiously as trend is clearly up as i have pointed, but i am anticipating the supply zone to hold, lets see

Comment

We got this ! Profit taken
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