The NZD/USD appears to have broken out of rising trend in place since mid-2015, and now developing a declining trend. Its fall in the last week or so has been persistent and rapid, suggesting a significant shift in sentiment is taking hold.
High levels of household debt represent a higher risk for the New Zealand and Australian economies in a rising yield environment. There would be no tears shed by the RBNZ or NZ government if the NZD fell sharply from current levels.
Read more in details at http://ampgfxcapital.com/reports/from-20000-feet-view-nzd-looks-set-to-free-fall-this-year-without-a-parachute/
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