Thursday 9 February 2017

Kiwi's knocked down

The dynamics of the pair NZD/USD yesterday was correctly interpreted as preparation for a serious fall. Even in periods of retreat of the US dollar, the pair stayed in range, but comments from RBNZ that the currency is still overvalued, called major selling of the kiwi. As a result, there was a drop of more than a figure to the region of 0.72. It is very likely that this is not the ultimate goal of the bears, and they will decide a new attack as soon as the market is slightly offset short-term oversale.


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