Good morning,
While Trump presser caused a stir econ data is still holding up its chin. Specifically FED rate hikes yet to come and the supply imbalance the announcement created. Market participants have not lost faith in more hikes and therefore it is expected to see selling come back in once the level of origin is revisited. For kiwi that is the 0.7200 level, see chart below
Should we trade back into that zone a reaction is not unlikely. Note to the aggressive traders; track price at 0.7206-18 , might be in for a treat.
As always keep risk in check. None of the above is an investment advice and is serves the sole purpose of education.
Miad Kasravi