Hi,
As Mr Tech Man has mentioned in our Weekly Macro Overview here, the economic growth of New Zealand is the highest among developed countries but the main driver of it was the housing boom that could be fading.
How kiwi looks like from technical point of view ?
In my opinion any positive number ( and I do expect it ) might be very good excuse to push NZD higher ( even as profit taking from short side ). So in that case long NZD via AUD ( even before the data with stop as a daily close above 1,0530 ) or USD ( here I would wait for a daily close ) could be the name of the game ( short term ;) ):
NZDUSD daily chart:
AUDNZD daily chart:
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Happy Trading
Mr Price Action
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