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.
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.