In the housing market demand for domestic investors & foreign buyers has declined.
Employment had increased over 2017 by 3.25% .
Unemployment has increased in December by 5.5%
Inflation has remained low but is expected to increase gradually
Global dairy trade dropped by 0.5% on 20 February ( next meeting is 06 March)
Interest rate has remained unchanged at 1.5%


Currently in the weekly chart we are in a channel


Last week we ended the week with a hammer & a higher low indicating a possible reversal to the upside with a target at the top of the weekly channel & MM4 0.8267 Stochastics Is in no mans land If price breaks 0.78043 (Friday’s low) I will be watching the daily 200ema for support

Leave a Reply