NZDUSD Long mid-term trade after RBNZ Governor's comments

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Dolar New Zealand / Dolar A.S. (FX:NZDUSD)

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FX:NZDUSD Dolar New Zealand / Dolar A.S.

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We have Monetary Policy Decision in New Zealand and the RBNZ lowered interest rates to 1.50% as expected from 1.75% (already priced in the market) and decision was unanimous. Governor Orr says "Looking ahead, the outlook looks more balanced than before the cut". This is more positive news than expected and taking into account large candle had reverted and ended above important support, it is worth to go long placing stop below the wick left by the monetary policy meeting.

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