NZDCHF - Key Support Levels Broken!
NZDCHF remains anchored in a downtrend as highlighted by the 55 SMA Slope.
The Kiwi sunk to a fresh yearly low last week, after the RBNZ cut interest rates. With risk sentiment deteriorating in the face of broken down trade talks between the US and China, Kiwi upside is likely to be limited.
We favour shorts on pullbacks towards short-term resistance levels.
The Kiwi sunk to a fresh yearly low last week, after the RBNZ cut interest rates. With risk sentiment deteriorating in the face of broken down trade talks between the US and China, Kiwi upside is likely to be limited.
We favour shorts on pullbacks towards short-term resistance levels.
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