The New Zealand Dollar remains stubbornly well bid, but I am still looking for this market to carve out a major top in the days and weeks head. At the moment, we will need to see an initial break below 0.8606, below which exposes the more critical floor at 0.8515. Any rallies should continue to be well capped below 0.8700 on a daily close basis.
Still Waiting For That New Zealand Dollar Breakdown14 May 2014 06:30 BST · Time Estimate: 0 seconds · JKonFX
Forex Daily Analysis 14th May 2014
About Joel Kruger
I am a seasoned currency strategist and professional trader. I have worked for investment banks, fixed income research advisories and a leading foreign exchange brokerage. In 2012, I set up JKonFX.com to offer my daily insights and trading strategies.