Piet.Hein
Short

Let's play some monetary policy divergence?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
291 2 7
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.
You missed that.. Price didn't enter that purple box.. Otherwise that would be pure magic.. I am only kidding..! Great analysis based on wave theory.. Simple and powerful.. Well done mate.. By the way nzdusd has a lot of way to the down.. Keep up the good work..!
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Piet.Hein Fxprotrader
hahahahhaa, I wish was like that, magic!

Actually I took it later ;) Thanks, you too, keep up te good work!

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