NZDUSD sell d1 medium-term

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
99 0 7
The price of NZD is inappropriate to economic conditions in New Zeland. The Reserve Bank of New Zealand wants NZD lower. The trade-weighted exchange rate has increased by around 3 percent since May, partly in response to higher export prices. A lower New Zealand dollar             would help rebalance the growth outlook towards the tradables sector.
The last CFTC Commercial (Banks) report shows 6,381 long and 32,706 short for NZD, which is 5:1 ratio for sell NZD.
There is two obstacle to fulfill this scenario - it is dollar index             and expectations to change monetary policy for NZD in the future (due to global inflation pressure, global growth, etc.). If us dollar             will go down, then nzdusd             probably will consolidate or even go up. Pay attention of that.

Presented Idea is only an assumption, one of many possibilities which can happen.
Always invest consicously. The price can do anything at any time.

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