The New Zealand dollar initially shot much higher at the open on Monday, but has rolled over completely. Because of this, I think that the market is going to go looking for support below, and I do see a couple of areas where it could find it, near the 0.7250 level, and the 0.72 level. The volatility is very high, and this makes the New Zealand dollar now a bit difficult to trade. I suspect that it is probably best to step on the sidelines and the short-term and it comes to the kiwi dollar.
Advertisement
Advertisement
NZD/USD Forecast September 19, 2017, Technical Analysis
The New Zealand dollar initially shot much higher at the open on Monday, but has rolled over completely. Because of this, I think that the market is going
Loading
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.
Latest news and analysis
- Loading
Advertisement
Loading
Advertisement
Advertisement
Advertisement