Kiwi Smashed! Zone of Interest approaching.

in forex •  last month 

The New Zealand Dollar tumbled after the RBNZ cut by 50 basis points surprising the market which was expecting 25 basis points.

The dust needs to settle now , and should we continue to trend lower over the next few days and weeks into the 0.63 to 0.62 zone , will look for long entries near the Monthly Trendline.

Monthly Chart Link -


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