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  1. NZDUSD - Sell The Rumour, Buy The Fact?

    by , 06-10-2014 at 11:44 AM
    NZDUSD - Sell The Rumour, Buy The Fact?


    • I expect sideways trading until the rate decision and for 25bps will be added to bring rates to 3.25%
    • This should see NZDUSD break up through 0.852 and target 0.864 and eventually 0.87 highs
    • Fundamentally still strong, I do not expect 'jaw-boning' from RBNZ and for NZDUSD to become bullish after Thursday
    • Talk of intervention to bring down NZD would have more bearish impact upon NZD than not raising rates
    • 0.840 is a pivotal
    ...