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NZD/USD Forecast September 11, 2017, Technical Analysis
Updated: Sep 9, 2017, 05:36 GMT+00:00
The New Zealand dollar rallied initially during the day on Friday, but gave back some of the gains. Ultimately, this is a market that looks to be bullish,
The New Zealand dollar rallied initially during the day on Friday, but gave back some of the gains. Ultimately, this is a market that looks to be bullish, and I think that these pullbacks will be buying opportunities. That being the case, I like the idea of buying the dips, as it gives us an opportunity to pick up value in a market that appears to be gaining momentum. Keep an eye on the commodity markets, as they do tend to influence this currency. If they rally, the New Zealand dollar tends to rally as well.
NZD/USD Video 11.9.17
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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