Weaker of the Weak?
The New Zealand Dollar outperformed during the London Open. The move saw bond yield increases, suggesting an improvement on investors RBNZ outlook, probably added fuel to the move.
Traders are seemingly no longer convinced that another rate cut is necessary adding relief strength
Trade Taken Short.
Technically Speaking we have just re entered the 200 MA on the 4 hour with a down wards moving MACD, after a strong climb up.
The New Zealand Dollar outperformed during the London Open. The move saw bond yield increases, suggesting an improvement on investors RBNZ outlook, probably added fuel to the move.
Traders are seemingly no longer convinced that another rate cut is necessary adding relief strength
Trade Taken Short.
Technically Speaking we have just re entered the 200 MA on the 4 hour with a down wards moving MACD, after a strong climb up.