NewZealand Kiwi - January 2017

NZD is a currency that I do not want to long right now. It is now approaching its strength resistance from 2013. There is a small room for strength. I would prefer Australian Dollar though. So in case we want to be bullish Euro, Pound, or US Dollar, the Kiwi can be the currency to short with.

NZD can still appreciate further towards the red bar before any momentum stalling would occur. This is a watch out for NZD bulls.