It might have been a tricky situation in the forex market in this April, not just only for NZD but also for CHF which experienced a worst month since 2017 according to Bloomberg.
[Bloomberg] Franc Set for Worst Month Since 2017 Means SNB ‘Sleeps Easier’
The franc is headed for its worst month in almost two years, bringing relief to Swiss policy makers seeking a weaker currency in their quest to revive inflation.
The currency has lost about 2.5 percent of its value against the euro this month, a depreciation not matched since July 2017. The drop is spurring a re-think among some analysts, who are looking to revise their currency forecasts given the collapse in market volatility that has failed to boost demand for haven currencies.
In the meantime, the Trend and Momentum signals indicate NZD could revive in a coming week. The signals against USD, CAD and JPY.
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| NZDUSD Trend and Momentum on 23-Apr-2019 |
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| NZDCAD Trend and Momentum on 23-Apr-2019 |
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| NZDJPY Trend and Momentum on 23-Apr-2019 |
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