Description
⋅ Fundamentally: increasing monetary policy divergence between the Fed and RBNZ.
Technically: the Kiwi has broken its 2016 uptrend, and is retesting the underside of the 2016 trendline.
Fair value is around 0.65 given the current economic outlook for NZ and USA.
Trade active
⋅ In progress, targets 0.70, 0.675, 0.65
Trade closed: target reached
⋅ 30% closed at 0.69