RobinhoodFX

RATE CUT CONSEQUENCES

OANDA:NZDUSD   紐元 / 美元
with the fed's cutting rates and with further rate cuts bound to happen I am looking for the USD to weaken come the next few weeks as lower interest rates weaken currencies. Expect a short term bounce in the NZD as they are weakening their interest rates also, So short term bullish and the shaded line while long term bearish. At this point, I will be taking profits and re-entering a short at a higher price for a low risking trade..

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