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NZD/USD Forecast September 6, 2017, Technical Analysis
Updated: Sep 6, 2017, 02:51 GMT+00:00
The New Zealand dollar exploded to the upside during the trading session on Tuesday, as the US dollar was sold off against almost every currency I follow.
The New Zealand dollar exploded to the upside during the trading session on Tuesday, as the US dollar was sold off against almost every currency I follow. Because of this, looks like short-term pullbacks will be buying opportunities as the “sell the dollar” trade has come into the market full force. Perhaps this is a liquidity picking up due to traders coming back from holiday, but nonetheless it looks like we have another round of greenback selling in general. Because of this, I believe that the market continues to offer “buy the dips” opportunities.
NZD/USD Video 06.9.17
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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