This may become my new favorite base currency to trade after the NFA has made margin requirements alterations. I like trading with the cheaper base pairs to keep my capital at risk as affordable as possible. At least that is how I see it.
If USD bullish sentiment continues I see the Kiwi continuing down to the 7261 level by the end of the month. I will be using RicardoSantos' MurreyMathLevelChannel indicators to assist is shopping for value.
Also, we got FOMC this week.
I expect choppy action.