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UnknownUnicorn3574358

NZ September Trade Deficit was worst on record

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
UnknownUnicorn3574358 Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
Trade deficit paints the picture. New Zealanders import $1b NZD more than they export every month. Despite outward appearances the NZ economy is not doing well. Trade deficit continues to widen. US dollar continues to strengthen. Suspect the NZD will continue its down trend until it hits the bottom of extremely long term rising triangle.
Comment:
tracking nicely
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