19 years in trading
The Reserve Bank of New Zeland today left the Official Cash Rate (OCR) unchanged at 1.75 percent, NZD tumbles . Global economic growth has increased and become more broad-based over recentmonths. However, major challenges remain with on-going surplus capacity and extensive political uncertainty. Stronger global demand has helped to raise commodity prices over the past year, which has led to
Read moreKiwi is trying to recover from the huge loss vs US dollar, but last week failed to brake a very strong weekly resistance at 0.7700, the previous strong support from June/July 2013. and from November/December 2014., January 2015. as well. It will be interesting to see, could Kiwi attack again if this previous daily support at 0.7430/50 hold on the
Read moreAfter three months of consolidation, NZD/USD continue the fall in January. In the last couple of days, the pair is testing previous monthly support levels at 0.7370/470. If the pair close January bellow this level (0.7370), furder decline is possible. On the other way, if the pair defend that level and close above, recovery in February could push the pair toward
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