Nzd usd

[beacon]

Hey beacon, what’s going on ….NZDUSD heading towards sub 60

Was it Conways fault saying NZ getting poorer and poorer with little hope of any improvement in productivity

I think it is more what Powell said, than Conways. Powell all but killed March cut, hurting all G10 - delaying USD weakness.
NZD hurt more due to China turmoil... but that is getting sorted out too, ostensibly.
I know what I'll do again, if it ventures sub 60

[wizAlvin]

NZDUSD seems to have broken down from the very strong level of 0.605 to the very strong level and significant number of 0.6 - possible top to base of that zone. No prior evidence of a consolidation area here - plenty of occurrences of rejection off both levels.