New Zealand Dollar on My Radar

This morning, one currency caught my attention in particular – the New Zealand dollar.

I first noticed the USD/JPY heading higher and then looked for a stronger currency than the dollar to employ against the yen.

Well, while the dollar was gaining against the yen, the New Zealand dollar was gaining against the dollar:

NZD/USD Hourly Chart

So why not play the New Zealand dollar against the yen?

NZD/JPY Hourly Chart

As you can see in this chart, the NZD/JPY is pushing higher more aggressively than the NZD/USD. Keep an eye on this pair today!

I’m also watching the CAD/JPY which is performing really great this morning.

Good luck with your trading!