NZD/USD Forex Trading Signals

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The New Zealand remains subdued against its American counterpart in the Asian trades, with NZD/USD now meandering near fresh multi-month troughs.

Currently, the NZD/USD pair trades modestly flat at 0.6926, flirting with six-month lows reached at 0.6923 last minutes. The Kiwi extends its downward spiral into a fifth day today, as divergent monetary policy outlooks between the Fed and RBNZ continue to exert bearish pressure on the NZD.

Ultimately, in Forex Market, NZDUSD is going down.

Our Recommendation:
SELL NZDUSD 0.6980 TARGETS 0.6950 0.6920 STOPLOSS 0.70.25.

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