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Rate cut for Kiwi looks likely

A rate cut by the RNZB looks likely on Wednesday evening
After the RBA rate cut last week, it is likely that New Zealand will follow
Interest rates are at 2,25% and will probably get lowered to 2%
Nzd is quite low against the Usd already - and a rate cut for Aud did not hurt it too much
I guess I will be building up shorts towards the decision,
because with all that is going on in the world the chance of a rate cut is very high
I do not expect NzdUsd to fall a lot though, and I will be careful t…
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Up and down selling NZD

My profits are up and down selling Nzd
I started off buying Gbp/Nzd last night and got stopped out with a 100 pip SL
I entered again around the same level as yesterday evening
and now I am up more than a 100 pips in Gbp/Nzd long
I also went long Aud/Nzd and that is doing alright with a 30 pip profit
Nzd is under pressure at the moment after gaining around 500 pips in a few weeks,
it seems time for a retracement down
Fundamentally there are sounds of a rate cut next month,
which could send the Nz…
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