UPDATE: Kiwi could go lower with a little help from its friends
The original Trade Idea was expecting further NZDUSD losses in thin markets during the Christmas break. That didn't happen. Instead, the risk that "because the trade was crowded, the topside would be vulnerable" was realised. Hopes for additional RBNZ currency intervention, since they are on record for wanting a weaker NZDUSD (unjustified and unsustainable), went the way of many Christmas wishes i.e. unfulfilled.
The stop was triggered for a loss of 0.0075 points.
Entry: Sell NZDUSD at market (currently 0.7750).
Time horizon: 7 days.
-- Edited by Kevin McIndoe