Mid-late last week the NZD pushed further lower against the greenback. Together with the overall USD weakness, the FletcherGoldman signal was put firmly under fire. The drawdown was significant, but within the scope of the strategy and we were confidant of a meaningful recovery. As expected the signal recovered and the losses were taken at a bearable -12%. Immediately the signal bounced back to post a 6% profit. Overall it was a tough and surprising couple of weeks, but we made it through!
