The pair had a great run this year on the back of Aussie’s strength and good GDT. It seems like the tables turned, at least in the short run. The most recent GDT printed a negative 1.4%. There is a very strong correlation between GDT and the price of Kiwi. This combined with the weak inflation in Australia and the recent cut from RBA, I assume, there is a potential for a correction. Short term correction.
Posted in: Live trades,
Tags: may 2016,
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