NZD Weakness + USD Strength Makes For An EASY Short in NZDUSD (here’s why)
On March 10, The Reserve Bank of New Zealand (RBNZ) surprisingly cut rates by a quarter of a percentage point to 2.25 per cent, and then, NZD/USD instantly fell nearly 2 percent. Interestingly, just two months earlier, Reserve Bank Governor Graeme Wheeler sounded as if there would be no upcoming rate cuts, and the markets…