sedemmler
Short

Time for a pullback? -- NZD/USD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
192 1 0
Rationale is in the chart.

EDIT: FONTERRA just announced a major dividend cut and reduced forward guidance. That's a pretty big deal. FONTERRA is to NZ             what mining is to AU             . Before deciding how to act be sure to give this some serious thought. And the US House and Senate just announced a budget deal which will avoid, at least through the first quarter 2014, any shutdowns like this past October.
ForceFollower
3 years ago
Yeah, I'm also short-term bearish on kiwi, expecting just some volatility contraction in this ccy.
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