According to the RBNZ, the NZD is too high and too strong. We've heard that song and dance before, but when it happens, it happens quickly. This is a trade that should reflect the movement. There is a monthly pivot 400+ pips away and it has the potential to turn into a larger trend on NZD weakness. I am also watching AUDNZD, NZDUSD, EURNZD closely for a similar wave kicking the kiwi. More analysis can be viewed at DAYTRADERS FX and ON-DEMAND.
