-
Kiwi Price Outlook: New Zealand Dollar Recovery could be Short-Lived
The New Zealand Dollar is down 0.65% against the US Dollar since the start of the month with Kiwi rebounding off key confluence support late-last week. While the near-term picture allows for further gains, the broader risk remains weighted to the downside after breaking multi-year slope support earlier in the month. These are the updated targets and invalidation levels that matter on the NZD/USD charts this week. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Technical Outlook: In my latest NZD/USD Price Outlook we noted that Kiwi had, “turned from multi-month consolidation ... (full story)