Kiwi Smashed! Zone of Interest approaching.

in #forex5 years ago

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 - https://www.tradingview.com/x/reoXbvrz/

Cheerio
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