The Kiwi is Charging Lower: Sell Pullbacks?
The Kiwi is headed lower today and is the weakest major in Asian trade.There has been some data out that had a bearish tone to it, however
Rowan Crosby•Wednesday, August 23, 2017•1 min read
The Kiwi is headed lower today and is the weakest major in Asian trade.
There has been some data out that had a bearish tone to it, however the bulk of the move is from the USD strength that we saw overnight. As this is the key market mover in todays session I would be looking to work pullbacks as we head towards 0.7230. I'm not sure we're going to see the follow through today, but for momentum traders the NZD is providing the best opportunity to date.
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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.
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