Today I have decided to wait no more
Nzd/Usd has fallen 150 pips now since Friday, indicating traders expect the interest rate cut on Wednesday
If this sentiment prevails we should see more Nzd weakness before the decision
Therefore I am long Eur/Nzd and Gbp/Nzd beforehand
and I hope to bag a couple of pips this way
If my profits are enough before the actual decision I may get out, otherwise I will stay in
Also, Gbp/Usd is at critical support now around 1.50
I am going long here, because I feel that the pair may have lots of room up left
and the interest rate decision on Thursday may hold something for the bulls
Nzd/Usd has fallen 150 pips now since Friday, indicating traders expect the interest rate cut on Wednesday
If this sentiment prevails we should see more Nzd weakness before the decision
Therefore I am long Eur/Nzd and Gbp/Nzd beforehand
and I hope to bag a couple of pips this way
If my profits are enough before the actual decision I may get out, otherwise I will stay in
Also, Gbp/Usd is at critical support now around 1.50
I am going long here, because I feel that the pair may have lots of room up left
and the interest rate decision on Thursday may hold something for the bulls