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foadhs
May 8, 2019 4:40 AM

Short NZDCHF after RBNZ rate cut Short

New Zealand Dollar/Swiss FrancFXCM

Description

The NZD is likely to lose some ground against most, if not all major currencies now after the overnight rate cut by RBNZ. The Swiss Franc on the other hand is showing strong resistance against both the USD and Eur after the recent sell off which means it's now likely to gain some strength.

Entry at 0.67135, stop loss at 0.67753

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