GBPNZD looking for it to retrace upside

١٢ يونيو ٢٠١٤

Since the NZD rate hike and all the hawkishness we saw from Wheeler ignited huge buying into the NZD pairs as market was not expecting this at all, I'm thinking it should start retracing a bit but it is a risky trade though looking at that sell off in the GBPNZD, I would prefer having a smaller stop.

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