Buy The Strongest, Short The Weakest (May 23)

Fundamentals & Sentiment

NZD:
- Hawkish comments from RBNZ
- Positive carry
- AUDNZD is in the mean reversion to the downside

CHF:
- SNB: "The SNB has already cut rates but it certainly sounds like there is more to come."
- Market is pricing in the cut with some more room to go (<60% chance)

Technical & Other

Setup: TC(B)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Uptrend
Long-term: Uptrend
Min target: May highs
Risk: 0.43%

Trade closed: stop reached