NZD/USD Big Trade 03.09.2016 -2

3/10 BK Big Trade -- Flip NZD/USD Short to NZDJPY Short

1. Close NZD/USD Short at market (now 0.6672)

2. Place Order to SELL NZD/JPY at market 76.20

Stop at 78.20

USD/JPY has had a very nice run and its nearing the top of its range. We think gains are limited ahead of next week’s FOMC rate decision. So we are flipping out of our NZD/USD trade and moving into NZD/JPY as NZD/USD has found decent upside momentum

3/9 Sell NZD/USD here at 0.6670. Stop 0.6870

Post RBNZ surprise cut

Swing

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