The New
Zealand Dollar continues weakening versus the US Dollar, especially on a day
like today when the Dollar has been gaining a lot of strength versus its main
counterparts. It is possible that the pair keeps its bearish trend, due to the
fact that the Reserve Bank of New Zealand is currently easing on its monetary
policy while the FED is thinking about raising its interest rates for this
year. The next important support for the NZD/USD could be the 0.6800 level. A
visit to that level may cause the price to stall there, but we must keep in
mind that the bearish trend is still in place.
Looks like it will keep pushing lower.
ReplyDeleteInteresting, awaiting the bearish trend.
ReplyDeleteA prolonged and steady decline!
ReplyDeleteNo low is low enough.
ReplyDeleteIt's still dropping and it doesn't look like it will stop any time soon.
ReplyDeleteImpressive drop, thank you.
ReplyDeleteBulls losing control.
ReplyDeleteCongratulations for the article, very interesting and useful
ReplyDeleteGreat post.
ReplyDelete