NZD may be reversing. It's early days yet but the Bird fell after Bloomberg reported that the RBNZ is looking to refresh their unconventional policy strategy.
“This year the Reserve Bank has begun scoping a project to refresh our unconventional monetary policy strategy and implementation. This is at a very early stage,” the RBNZ said in response to an Official Information Act request for work on non-standard policy measures.
We like selling with feeder-stakes (small positions) at current levels, looking to add if the move grows legs.