Advertisement
Advertisement
NZD/USD Forecast September 13, 2017, Technical Analysis
Updated: Sep 13, 2017, 03:51 GMT+00:00
The New Zealand dollar initially fell on Tuesday, but broke higher and exploded to the upside. This market continues to consolidate between the 0.7330
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
The New Zealand dollar initially fell on Tuesday, but broke higher and exploded to the upside. This market continues to consolidate between the 0.7330 level, and the 0.7225 level. With this, we continue to see a lot of volatility, but I think the market is somewhat directionless. Short-term back and forth trading might be buying opportunities as well as selling opportunities, but I would be very quick to take profits. The volatility continues to form a reasonably clear trading range, and until we break out of there, I don’t think there’s much to do more than quick scalping.
NZD/USD Video 13.9.17
About the Author
Christopher LewisSenior Analyst
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.
Advertisement