ANOTHER SHORT FOR THE KIWIDISCLAIMER ! THE INFO BELOW IS JUST MY VIEW , TRADE RESPONSIBLY
FUNDERMENTAL
Fundermental we are expecting a rate cut on NZD of 0.5 basis point, so the intrest differential of the dollar to the kiwi will be 0.25 differential.
TECHNICAL
We had a bearish week forming a bearish engulfing on the weekly we are expecting a pullback to premium before the rate cut hence Monday and Tuesday we expect an upmove, my entry is bound to be at equilibrium of the range