NZDUSD is retracing but still in downtrend

NZDUSD is retracing prior to RBNZ Official cash rate which is due on Wednesday 21:00 GMT. Also, mr.John Key, who is the Prime Minister of New Zealand commented that the currency has fallen too fast. However this retracement in my opinion is temporary and as always the governor of RBNZ mr.Graeme Wheeler has the final word and he is responsible for setting up NZ interest rates. Technically the pair is still in downtrend and 0.6620 zone shows a good confluence for a fresh short. In the zone we
Read More