Trade Opportunities in the Kiwi Ahead of the RBNZ
We have another instalment of the RBNZ tomorrow (local time) and it’s looking like being a largely uneventful one with most expecting the
Rowan Crosby•Wednesday, September 27, 2017•1 min read
We have another instalment of the RBNZ tomorrow (local time) and it’s looking like being a largely uneventful one with most expecting the OCR to be left on hold. That said in the leadup we don’t usually get oversized moves.
However given the weakness in the NZD/USD yesterday, there is still a chance we get a move overnight. With that in mind, I think the best course of action is to go with the momentum.
I’ll be looking to sell any pullbacks throughout the day and into the US session. 0.7227 looks like a short-term level that has the potential to provide resistance.
NZD/USD – 240 min Chart
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals