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Relatively high yield (compared to other major counterparts) and credit worthiness of New Zealand are making Kiwi an attractive investment vehicle. Rate cuts do not stem its appreciation. An intervention would not be particularly helpful in this environment.
Having traded to almost 0.74 at the end of August, 0.70 - 0.75 range is firmly in place. At this point, an upside extension seems more likely than a downside one. Stronger demand may come in near 50 DMA. 50.0% retracement of the 2014 - 2015 …
Having traded to almost 0.74 at the end of August, 0.70 - 0.75 range is firmly in place. At this point, an upside extension seems more likely than a downside one. Stronger demand may come in near 50 DMA. 50.0% retracement of the 2014 - 2015 …