Is the RBNZ's optimism already priced in?
The markets didn't expect the RBNZ's level of optimism so I think NZD is still a buy.
I'll lighten my long NZD positions or stay away from it. I'm not too sure about its potential.
I think it's been pushed so high over the past few months that it's due for a deep retracement if not a reversal.
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