New Zealand Dollar on My Radar

Posted Monday, June 26, 2017 by
Eric Furstenberg • 1 min read

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:

NZ 1NZD/USD Hourly Chart


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

NZ2NZD/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!

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