Today I opened a short position Gbp/Nzd after I noticed a double top forming in the pair
on the hourly chart, Gbp/Nzd had already tried to break above 1.99 two days ago
after the NZ data release accompanied by a dovish tone - Nzd took a dive across the forex board
Retracement down in Nzd should be about over now, though
as the reaction from the market was exaggerated - there are no serious problems in NZ:
data releases are still strong, there is only no need forrate hikes anymore
Combine this fa…
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