The Kiwi has come under some selling pressure following the latest RBNZ decision, with the central bank expanding QE and giving their strongest hint yet at negative rates - they are in "active preparation."
NZDUSD dropped near a 1-month low in response after already closing below the 21 EMA for the 1st time since mid-May.
Bearish cross in 8/21 EMAs seen which could indicate trend has turned lower.
Conservative stop above recent high eg 67.20.
No fixed profit target but looking for a move to the low 60s.
NZDUSD dropped near a 1-month low in response after already closing below the 21 EMA for the 1st time since mid-May.
Bearish cross in 8/21 EMAs seen which could indicate trend has turned lower.
Conservative stop above recent high eg 67.20.
No fixed profit target but looking for a move to the low 60s.
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Disclaimer
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.