sailing-50533_1920

NZD 💩

Hi there! Today is a sad day for all you ‘Kiwi lovers’ 😜

Here’s why..

RBNZ ⬇️

  •  The Assistant Governor McDermott stated that the Kiwi is at an ‘uncomfortable level’.

AUD ⬇️

  • The Aussie is also weighted this week after the market’s decision to focus on the fact that a higher AUD could also be problematic.

Technical Structure ⬇️

  • Not only the NZD/USD broke the 0.72 handle, it also broke a major trend line – from the beginning of 2017 –  to the downside.

If you need any extra explanation just leave a comment and I will answer the best I can.

Much Love 💙

Advertisements