NZD/CAD Big Trade 10.27.2015 +75

***10/28 Update -- BK NZD/CAD Big Trade -- Close trade at 0.8885 for +75. We’ll reload later

Place Order to Sell 1 lot NZD/CAD at 0.8960 TRIGGERED

Place Order to Sell 1 more at 0.9140

Stop for ALL at 0.9330

We also like selling NZD/CAD. China’s rate cut should be positive for commodity currencies but the impact has been limited. The RBNZ meets next week and they won’t be happy with the recent rise in NZD. In the past month, NZD/USD has risen from a low of 0.6250 to 69 cents while AUD/NZD has fallen from a high of 1.1350 to a low of 1.0575. We may hear some optimism about the economy but the central bank could also express renewed concerns about the currency. There are no major economic reports from Canada so selling NZD vs. CAD is the ideal trade.

Swing

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