Ok at least we made a lower low which is a positive sign for the ones who are selling the nzd. Retail sales data wasn't bad at all, but there is a little doubt that the RBNZ will cut at least another 50 basis points. In one week from now the bank will decide how much to cut, until then we should be going slowly downwards.
I have a sell from 5191 (currently -38 pips) with a TP on 4676. After that we should begin looking for a bottom, because it can't fall forever, right ?
I have a sell from 5191 (currently -38 pips) with a TP on 4676. After that we should begin looking for a bottom, because it can't fall forever, right ?