AUDNZD SHORT ENTRY
The Reserve Bank of New Zealand may cut the official cash rate by a quarter point to 2.5 percent with its monetary policy statement on this Thursday so please be cauctious this trade. But I beleive that RBNZ will wait to see if the US Federal Reserve hikes US rates in December, because that will push the NZ dollar down and push inflation in New Zealand up.
Trade active
Short entry from 1.0950Trade closed: target reached
Closed 1.07200
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.