LimitMarkets

Kiwi loses on RBNZ policy signs

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
The New Zealand dollar is facing losses for a third day in a row now as the Reserve Bank of New Zealand revealed that it was looking at an "unconventional monetary policy strategy." Pricing in the pair reached 0.6595 corresponding to the 50 percent Fibonacci level. If the drop goes on 0.6585 will be watched. Further down, 0.6580 can be targeted. In the case of rebound from the 50 Fibo 0.6615 will be followed.

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