BNZ have always had a very good handle on the NZD and last week’s trade is no exception. They sold at .7584 and are fast approaching their .7217 target level.
With the RBNZ unlikely to be anything except NZD bearish tomorrow morning, the BNZ trade team have readjusted their profit target lower towards .7000 and with a s/l lowered to .7450.
(With thanks to the FXWW Chatroom)
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