Commodity currencies jump but then fall back

Posted Tuesday, May 17, 2016 by
Skerdian Meta • 1 min read

The commodity currencies made some decent gains overnight. They jumped on unchanged inflation expectations in New Zealand and unchanged RBA meeting minutes. They have given back most of the gains but our NZD/USD sell forex signal hit sl during the jump. We are looking for new opportunities to gain back what we lost on that signal. 

NZD/USD jumped 60 pips after the inflation data release

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