The Reserve Bank of New Zealand may cut the official cash rate by a quarter point to 2.5 percent with its monetary policy statement tomorrow but I believe that RBNZ will wait to see if the US Federal Reserve hikes US rates in December since that will push the NZ-14.29% dollar down and push inflation in New Zealand up.
Trade active:
Long entry 0.6610 SL: 06580
Trade closed: target reached
Trade active:
Entry 0.66000 Closed 0.67500
Another long entry 0.67200
Another long entry 0.67200
Trade closed: target reached