Hi there! Today is a sad day for all you ‘Kiwi lovers’ 😜
- The Assistant Governor McDermott stated that the Kiwi is at an ‘uncomfortable level’.
- 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 💙