Ascending channel, page-64

I've taken on a scalp trade... in long at 1.0285 ...looking for approx. 100+ pip, SL at 1.024 as well.

Fonterra has downgraded pay out ... coupled with narrowing of the NZ Trade balance.

Overall short for parity but since the current news I will review overall position at/ after next RBA meeting.

Could the kiwi economy be starting to run out of puff? Is the aussie economy a lagging indicator for the kiwi?

go nzcricket