Looking to sell NZDUSD this morning after the rally from an expected increase in milk demand since China scrapped its 1 child policy.....In the RBNZ meeting Gov Wheeler stated that if the NZD continued to rally then they would again embark on a rate cutting monetary policy. The conviction in this trade is strong and I don't expect the NZD to get above 6900 and I am looking to target the fair price of 6000 overall
Comment:
trade taken at 6752
Comment:
stop loss moved to 6670
Comment:
stop loss moved to 6620
