hello guys,
In this short video i show my analysis for the nzd/usd pair.
I see the weakness of the nzd dollar continue as the corona virus continues to cause havoc. The new Zealand economy similar to the Aussie economy is strongly supported by demand of commodities and tourism from china. with Chinese cities being shut down and flight being cancelled this will likely take a torn this weak on nzd until the virus is curbed. This is just my bias and should be taken with a grain of salt. I am only looking for shorts on kiwi pairs.I will also be watchful of what the bank of new Zealand has to say in regards to interest rates. Last week in a surprise decision GBP took me out because the statement from the bank of England affected the bond markets in the uk which in turn shot the price all the way up even though the UK economy is clearly weak
In this short video i show my analysis for the nzd/usd pair.
I see the weakness of the nzd dollar continue as the corona virus continues to cause havoc. The new Zealand economy similar to the Aussie economy is strongly supported by demand of commodities and tourism from china. with Chinese cities being shut down and flight being cancelled this will likely take a torn this weak on nzd until the virus is curbed. This is just my bias and should be taken with a grain of salt. I am only looking for shorts on kiwi pairs.I will also be watchful of what the bank of new Zealand has to say in regards to interest rates. Last week in a surprise decision GBP took me out because the statement from the bank of England affected the bond markets in the uk which in turn shot the price all the way up even though the UK economy is clearly weak