We executed a 31 days put option on the NZDUSD. Price pierced the previous monthly lows. Net positions of large speculators are bearish while strong demand for the dollar remain untamed on the backdrop of sustained risk-off sentiment. We look ahead for RBNZ for move hawkish reaction to the economy
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We observed a reaction at the options price level that posed as support to reject price back to monthly support levels. we will seek a re-entry after the correction