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BK – NZD/USD Big Trade Orders – CANCELED and REPLACED with NZD/CAD
***Canceled and replaced with NZD/CAD orders -- see NZD/CAD alert
Laying out some fresh orders for the week.
Place Order to Sell 1 Lot NZD/USD at 0.6748
Place Order to Sell 1 More Lot NZD/USD at 0.6970
Between the persistent decline in dairy prices and the ongoing strains in the Chinese economy, NZD should be trading lower. The RBNZ doesn’t meet until next week but when they do, the chances of a rate cut is very high. As a result, we want to start scaling into short NZD/USD trades.