Trade update from a previous video I posted on buying NZD/USD.
The fundamentals point towards a move to $0.75 on the exchange rate that offers a move of up to 5% appreciation in the KIWI.
Fundamentals driving the trend.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) $2 Trillion Fiscal stimulus...
We take a closer look at why the U.S Dollar is getting weaken on a fundamental level first, to then understand the NZD/USD upside momentum that has now broken a key technical resistance and offering a buy side opportunity.