FxWirePro Call Review: Maintain NZD/USD long positions, buy at dips

Frankly speaking, we at FxWirePro, despite having a strong conviction of a strong New Zealand dollar against the USD, we have been late to enter long positions largely due to several counter forecasts by some of our models. However, this pair is one of those, which is likely to provide long Bull Run and large profits.

Back in July this year, we recommended our readers to long the NZD/USD at the then current rate of 0.735 with targets around 0.75, 0.765, 0.786 and 0.8. It is likely to go beyond the final target given.  The pair has reached our first stipulated target at 0.75 area and is currently undergoing a correction. We would like to call on our readers to keep buying at dips as the price of commodities has been showing signs of recovery and strength. The economy has also been strong lately.

Once the inflation starts rising again like it did in the second half of last year, we expect RBNZ to change course and start increasing rate, which is currently at 150 basis points. And that would see the kiwi fly past the targets.