$nzdud
GBPNZDSmall Trade here. Lets see if we still have momentum. This is the area that broker through that downtrend. Lets see if we can find some buyers here.
$NZDUSD - Weak CPI Points to pair will stay range boundTechnicals on the chart.
Fundamental thoughts.
- two consecutive quarterly falls for CPI data and petrol price had a decline of nearly 10%
- milk dairy prices on the decline
- Looking RBNZ to set a dovish tone in the near future.
- USD Rate hikes around the corner.
Reasons listed, I would safely say the pair will stay range bound.
