NZD has been in a strong downtrend on the back of softer
local data, a recent RBNZ rate cut, and downturn in global
sentiment. More recently, Kiwi has been sinking in sympathy
with its Aussie cousin, reminded once again of the rate cut
trajectory after the RBA Minutes moved in a similar direction.
We like pullbacks towards short-term resistance
as entries.
Targets are highlighted.
local data, a recent RBNZ rate cut, and downturn in global
sentiment. More recently, Kiwi has been sinking in sympathy
with its Aussie cousin, reminded once again of the rate cut
trajectory after the RBA Minutes moved in a similar direction.
We like pullbacks towards short-term resistance
as entries.
Targets are highlighted.
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Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.