TazTrades
Long

NZDUSD - Upside potential cooking?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
We are at very interesting levels when it comes to this pair. We are currently retesting the 2015 lows and a good chance to go long – long term. From a technical perspective it looks like quite the appealing trade with substantial support. From a fundamental standpoint though, the Kiwi could find some relief based on dollar weakness and a resolution of the trade war which seems to have no end in sight yet. But with elections coming up next year, trump is feeling the pressure of having to get something tangible for the campaign and with his unsuccessful jabs at the feds, he may just do something unexpected.
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