NZD/USD After July Rate Decision Going Short

23 thg 7, 2015

I missed out on a earlier entry on this trade. I jumped in today after the correction caused by the 25 bps cut. It looked like the market wanted 50 bps and thought the wording of the statement less hawkish than anticipated. I`ll most likely hold this trade right on up to the Sept rate decision. The daily chart still looks great and I don`t see any fundamentals on the horizon that could turn it around in a big way.

Entry was .66124