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Short

Important levels for NZD 0.6802 being the first resistance

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
107 1 9
RBNZ cut rates today by 0.25 bps             expecting another round of 0.25 bps             to round things up.. So I stay short mid term ..

See full story @ https://forexideasblog.wordpress.com/2016/03/10/nz-rate-cut-coming-would-be-great-to-sell-nzd-pairs/
Next RBNZ Rate Decision on 2016.04.28. Expecting another cut by 0.25 bps. Great to cover shorts mid term if they cut.. with FED not hiking rates in the last meeting, looks like people staying with NZD. Be cautious, cutting rates to 2.0 can be a reflection point where people will think RBNZ will not cut more.. Initially impact could be downside but the after effects could be to the upper side for NZD..
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