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!
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ABOUT THE AUTHOR
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Eric Furstenberg
Lead Educator
Eric Furstenberg is a successful entrepreneur and fund manager with years of trading experience in the Forex, commodity, and stock index markets. He is a seasoned trader who employs advanced trading methods to complement his portfolio and also manages a private investment fund.
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