The FletcherGoldman signal has been tested quite significantly in the last few days, by two big players. The signal was only marginally off banking it's weekly target on Tuesday before the USD decided to move sharply lower against the Yen, with prices showing the biggest daily decline in seven months. The current trend doesn't really show anything in either direction with the market happy with how far it fell. The RBNZ also threw a cat amongst the pigeons by surprising the market with a 25 points rate cut, spiraling the NZD down against the USD. It may take a little longer to bounce back from this one, but the FG will pull through!
