Major Trend : SELL [Daily Range]
Today NZD trading 180pips higher off the day low as positive 0.5% Employment Changes announced.
Long Term View
RBNZ : “The high exchange rate has been a headwind. The Bank would like to see a lower exchange rate and does not believe the exchange rate is sustainable in the long run.”
http://www.rbnz.govt.nz/news/2014/5614773.html
Prefer to SELL NZD as correction trend is weakened and exhausting with the fast climb.
Hold SELL positions to break 0.8000 to 0.7700 Target
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