NZD ???? Hi there! Today is a ‘sad’ day for all you ‘Kiwi lovers’ ????

Here’s why.. RBNZ ⬇️
  • The Assistant Governor McDermott stated that the Kiwi is at an ‘uncomfortable level’.
AUD ⬇️
  • NZD’s major trading partner, the Aussie, is also weighted this week after the market's decision of focusing on the fact that a higher AUD could also be problematic.
Technical Structure ⬇️
  • Not only the NZD/USD broke the 0.72 handle, it also broke a major trend line - from the beginning of 2017 - to the downside.
If you need any extra explanation just leave a comment and I will answer the best I can.

Much Love ????
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