This view is primarily based on the graph. Kiwi has one more down trend to go, lets wait and verify if this is right.
Trade closed: stop reached:
“I’m more than content to lower it if that actually helps but is that the best thing to do at any particular time?” Stevens said in response to a question on the cash rate. “We’ve got Christmas. We should just chill out, come back and see what the data says.” ----bloomberg
AU governor commented on rate decision after meeting late November. Because AUD and NZD, moving simultaneously often time, belong to the same currency bracket, "waiting until Christmas" might also apply to NZ's interest rate decision. My view on NZD remains unchanged, however, the data from next two months will be the primary driven factor on rate decision in Feb.
AU governor commented on rate decision after meeting late November. Because AUD and NZD, moving simultaneously often time, belong to the same currency bracket, "waiting until Christmas" might also apply to NZ's interest rate decision. My view on NZD remains unchanged, however, the data from next two months will be the primary driven factor on rate decision in Feb.