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Trading Ideas: NZD

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 ⬇️

…

Good morning, London!
Here are some ideas for the session..
AUD
We start with the Aussie.

RBA ⬇️

The market decided to focus on the fact that a higher AUD could be problematic. So, despite the upbeat tone seen in the statement, the Aussie quickly reversed.

Copper ⬇️

Copper continued last week's downtrend. Although, be aware that today the red metal rebounded overnight.

Technical Structure ⬇️
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