Still Waiting For That New Zealand Dollar Breakdown


Forex Daily Analysis 14th May 2014

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.

Kiwi topping looking good but needs to take out 0.8600 first. @jkonfx

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