Is the Kiwi Offering Us a Buying Opportunity
This week we’ve been tracking the Kiwi as we have the NZ election. Whenever a poll comes out suggesting a win to the current Government,
Last updated: Thursday, September 21, 2017
This week we’ve been tracking the Kiwi as we have the NZ election. Whenever a poll comes out suggesting a win to the current Government, then the NZD spikes like we saw yesterday.
Given the fact that there is some a pullback on the back of a bit of FOMC/USD strength, then we are getting a look at a bit of a buying chance.
Now of course we are speculating on the outcome of an election to some extent, but if momentum gains ground, there might be a late rally into the weekend.
NZD/USD – 240 min Chart
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ABOUT THE AUTHOR
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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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