The current risk to the upside is USD strength. If that continues we could see some headwinds.
by Janko N, February 1, 2021
by Janko Nikolic February 1, 2021
The reflation trade narrative supports NZD. No further easing is expected from RBNZ in the future. The recent pullback in the risk tone is a good opportunity to re-engage in the medium term.
Long at 75.20, stop 74.80 Target 76.80
Any negative news on the vaccine front as well as the US stimulus bill that could trigger the risk-off tone. Sell off in the equity space.
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