I’m without doubt the world’s most unsuccessful NZD trader so I always leave it alone but some others are a lot more successful at it. I’ve just been speaking with a big professional trader, who is a bit unusual in that he is quite short-term in his outlook. He sold yesterday at .8230 and he sold again this morning near .8185. He’s quite technical in his analysis and he feels a downside break is imminent, with stop-loss orders reported below .8160 likely to help his cause. His target is .8100. I forgot to ask where his stop-loss is but I presume he’ll start trimming if it gets back near .8200. It’s certainly a bit dangerous to be trading intraday around the RBA decision but some people like to live dangerously
