BK NZD/USD Big Trade Orders – CANCELED

BK NZD/USD Big Trade

Place Order to Sell 1 lot NZD/USD at 0.6772

Place Order to Sell 1 More at 0.6970

Stop for all at 0.7040

Given the turmoil in Asian markets, NZD should be trading lower and not higher. The decline in commodity prices and drop in share values raises the risk of another RBNZ easing this year. NZD is deeply oversold so we are laying out orders to sell on a bounce

Swing

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