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east-west_trading

Fade NZD

Short
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
east-west_trading Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Wave Analysis Beyond Technical Analysis
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trendanalysis waveanalysis beyondta
With FOMC mins being some what less dovish than the market expected, this might be a good spot to fade the NZD rally with one eye on the RBNZ meeting and rate decision (still expected to be a cut) on the 8th of May. I have initiated a short and will update with levels on stops and profit targets as the trade progresses
Comment:
Ultimate goal on this is to be long AUDNZD, so looking for an AUD pullback vs USD to get that pair on
Trade closed: target reached:
OK, you have 2 choices here, either start to take your profit, or try and roll into an AUDNZD long. I have taken the 2nd option as I think AUDNZD could extend to 107!
Good luck with whatever you decide to do
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