I agree with the short. I also agree with the oversold assessment. However, NZ is a disaster economically at the moment, where the RBZ went too far on rates and needs to cut in order to release a stranglehold on the country financially, but they're caught between rising energy prices and a failing economy.
I think there's a lot of ground to cover on the down side. The only thing helping the NZD at this standpoint is a well needed correction in AUD/NZD.
PS - there's an entire NZD thread in this forum.
