Rocketman
Short

NZDUSD: As Scary As It Looks

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
142 1 6
As scary as it looks; its about time to short and ride this down.

This is the last trade of the month. Next week, I will be traveling, but posting charts along the way in this journal.
Trade active: Fully Loaded on NZDUSD now. Time for mission control to resume its flight down. I am diversified in other currencies should this trade not work out. I won't lose too much.
Comment:
snapshot
Comment: Holding on to the short:

snapshot
Trade active: Added to my short position from a higher level. I believe that the New Zealand central bank will lower rates:
Comment: Wednesday at 5pm New York time is the central bank decision that I will been watching.
Comment: In addition to this added position, I have placed another limit order around 0.7170. My mini-target is 0.7000 by August 10th.- 13th, and 0.68 or 0.67 by September 2016.
snapshot
Comment: NZ Rate Cute:
What to look for:
(1) Dovish Tone and a Rate Cut
(2) Hint from the central bank of further easing and further cuts. The New Zealand central bank could not do it before for fear of fueling and already housing bubble. A strong NZD would hurt demand and knock down tradable goods inflation. Thus, a decline in the New Zealand dollars necessary to keep the economy afloat.
I wish you a good time
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