Buckle up $NZDUSD bulls! Why you are in for a painful ride.

The $NZDUSD monthly is signalling a textbook rollover for a bearish extension of the downtrend. Trend following at its best!

$NZDUSD monthly chart

If it materializes the Kiwi bull is an endangered species. What will be the catalyst? There are candidates out there, like continued China doldrums, or a pop of the NZ real estate bubble. Time will tell, and as always will tell only after the markets made a large chunk of their move.

*All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks and trades!

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