Recent comments from the NZ Minister of Finance indie that NZ thinks it is currency is overvalued. The overvaluation is quite detremental to their exports-which is roughly 30% of the GDP.
I have burned with this report last time, when everybody was expecting a nice positive number-it went the other way. My view? The gov't will be putting out some numbers that are misleading in an effort to drive down the Kiwi. I think that they're gonna do it .
I am not telling you how to trade this way, but here's what I am doing:
I will take a brief position, with a long entrance (limit order) for 2x the lots. If the report goes the other way, my brief position will get stopped out and I'll be in a long position.
Good Luck