Sforex
Short

Kiwi: The downtrend doesn't stop, 2015 year low next.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
168 0 2
While AUDUSD             and USDCAD             broke their 2015 year low and high, NZDUSD             still hold above 2015 year low at 0.6235

The main reason is New Zealand has interest rate higher than the rest of world.

However. Kiwi still be under pressure.

Next week, main focus is NZ             CPI             on Tuesday. If it's positive, Kiwi gains support and halt the downtrend ; on the other hand, if CPI             is negative, N/U continues its downtrend. I lean to downtrend than a pause.

Technical viewpoint, NZDUSD             broke SMA100 and trend line I draw on the chart proving that N/U is under strong pressure.

NZDUSD             also breaks strong support around 0.6450

I expect N/U continues its downtrend to 2015 year low at 0.6235
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