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Piet.Hein

Let's play some monetary policy divergence?

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Piet.Hein Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
analysis
7
2
analysis
On Wednesday RBNZ is expected to cut rates, but will they? As Fed is about to hike, maybe RBNZ wait to the next meeting. Nevertheless, there is a great chance to cut this week, being so, I see 0.69 (or close to that) as a nice sell level if price gets there.
Comment:
If price doesn't reach these levels, a good opportunity will be on the touch of the trendline
Comment:
RBNZ cut was as expected, but the statement was very bullish. Still wanting to sell at higher levels or if there is a great setup at the trendline.

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