NZDUSD - Short Setup in Play as RBNZ "considers" QE

٢٣ يوليو ٢٠١٩

NZD may be reversing. It's early days yet
but the Bird fell after Bloomberg reported
that the RBNZ is looking to refresh their
unconventional policy strategy.

“This year the Reserve Bank has begun scoping
a project to refresh our unconventional
monetary policy strategy and implementation.
This is at a very early stage,” the RBNZ said in
response to an Official Information Act request
for work on non-standard policy measures.

We like selling with feeder-stakes (small positions)
at current levels, looking to add if the move
grows legs.