Hello guys ,
I am looking for a short on nzd jpy based of the weakness displayed by the new Zealand dollar. The new Zealand dollar strongly depends on commodities similar to the Aussie and the cad. The new Zealand has been extremely weak and i am looking to bank on that trend. As long as the corona virus continues and the new Zealand bank maintains the dovish stance the weakness will continue until the Chinese economy rebounds .China buys a lot from new Zealand and with the chaos in china bringing demand down the weakness will look to continue until the corona virus is curbed
I am looking for a short on nzd jpy based of the weakness displayed by the new Zealand dollar. The new Zealand dollar strongly depends on commodities similar to the Aussie and the cad. The new Zealand has been extremely weak and i am looking to bank on that trend. As long as the corona virus continues and the new Zealand bank maintains the dovish stance the weakness will continue until the Chinese economy rebounds .China buys a lot from new Zealand and with the chaos in china bringing demand down the weakness will look to continue until the corona virus is curbed