NZDCAD - Waiting for a Pullback to get Short
NZD has been in a strong downtrend on the back of softer
local data, a recent RBNZ rate cut, and downturn in global
sentiment. More recently, Kiwi has been sinking in sympathy
with its Aussie cousin, reminded once again of the rate cut
trajectory after the RBA Minutes moved in a similar direction.
We like pullbacks towards short-term resistance
as entries.
Targets are highlighted.
local data, a recent RBNZ rate cut, and downturn in global
sentiment. More recently, Kiwi has been sinking in sympathy
with its Aussie cousin, reminded once again of the rate cut
trajectory after the RBA Minutes moved in a similar direction.
We like pullbacks towards short-term resistance
as entries.
Targets are highlighted.
