NZD/USD

maybe it gave you an excellent place for you to short. tomorrow's employment data may bring it down or take it to moon. who knows

May is historically a great month for employment numbers, feels like NZD is going to new high.

6:45pm

NZDEmployment Change q/q0.6%1.1%
NZDUnemployment Rate5.8%6.0%
NZDLabor Cost Index q/q0.5%0.6%

May is historically good for the dollar. look what is happening since past week

Well NZ

Man were is this going to

Every long keeps been hit

Go for 0.88 see what happens

Anyone think this is reversing?

Bought a little bit as a scalp pre the data. This news came out of nowhere and the press release not as ominous as the market taking it.

The Reserve Bank considers that the exchange rate is overvalued and does not believe its current level is sustainable. Many analysts consider that the positive news on the economy and the forecast tightening in interest rates is fully priced in and believe that there is considerable downside risk for the currency. Our exchange rate could be expected to weaken if one or more of the following occurs: the US economy continues to improve; global dairy prices continue to come off their recent highs; China’s growth slows; financial market volatility begins to rise; or if there is a global ‘risk off’ event such as a correction in global equity prices.

If, however, the exchange rate does remain strong, it is likely to be reflected in continued low or negative tradables inflation. In such circumstances, the high exchange rate, along with new economic data, will be a factor in our assessment of the extent and speed with which the Official Cash Rate (OCR) needs to be raised.

Further, if the currency remains high in the face of worsening fundamentals, such as a continued weakening in export prices, it would become more opportune for the Reserve Bank to intervene in the currency market to sell NZ dollars.

sell high，rbnz statememnt terminate this rally

I'm keeping my NZD/USD short trades open...

Long on GBP/NZD...

this is going to 088

a higher low... cant be denied nzd is a beast

Bears Back ??

Wasn't the dairy auction last night.... And again down in price?

Exactly. Central banker comes on and says to the effect of FX rate high (with caveats) and thing just gives up its daily gain before bouncing. Go long, hold through this news, reassess. Good chances of this retesting >.8750 region shortly. If not, its still a decent R:R trade (stop yourself out below .8690).

if we engulf the last h1 candle say bye be

Seems like the most overbought currency out of everything else. NZD is going to feel some hardcore pain soon. If only we knew when soon was and the exact top

Data is not bad, employment improved, participation rate higher

I have to go to bed... It's midnight here... And I think I am going to miss this hardcore story.... Left the video recording