Under pressure from remarks regarding an unconventional policy by the RBNZ, kiwi is being pushed down by the Loonie, as the latter finds support from the tensions surrounding oil trade routes in the Middle East. Pricing has already tested 0.8815 level. If the fall breaks that line, 0.8800 near the 38.2 percent Fibonacci retracement will be followed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.