It looks like the market is taking on the RB of NZ and winning for now.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Does this change the short-to-medium term shift lower?
I'm getting more confused by the day........I WAS happy to shift a big chunk of Kiwi into USD when it becomes available shortly, thinking that anything over .55 would be a gift....but now feeling a bit gunshy......
My gut says it's just a bigger gift.......
I would not buy a big chunk of USD, period !
Not that the kiwi is strong but i think the USD is toast.
CAUTION the little bird has never done me any favours.
SHORT , divergence on RSI.
trend line test.
evening star with a shooting star candlestick reversal.
RISK at 59.90 target 49.00
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