GBP/NZD Long

12 Ağu 2020

Have entered long at market @ 1.9929 on the dovish RBNZ meeting. Although the pound is fundamentally weak it keeps finding strength. I think this trade is a bit of a lower conviction as it is nearer the 2.0000 handle which will likely see a bounce. NZ experienced a fresh COVID case yesterday so that may turn into more. I think I need to keep stops tight on this one. Price is printing fresh highs, need to decide wether to take profits at 2.0000 or try to ride it through.