How to Trade the NZ Election - Forex News by FX Leaders

How to Trade the NZ Election

Posted Monday, September 18, 2017 by
Rowan Crosby • 1 min read

For those not that across the political situation in New Zealand (ie. everyone), here’s a quick guide about how to find some opportunities for some quick pips in the NZD.

This week markets the final stretch in the lead-up to the Kiwi election. From a trading perspective, all you need to know is that the NZD doesn’t like change.

 

Polls are the Key

Whenever a new poll is released we get a spike in the NZD. For the most part, it’s a close election and what we need to look for is who is getting the upper hand. When a poll comes out suggesting the opposition (Labour Party) is ahead of the NZD falls. If the polling shows a win for the ruling National Party, then we get a spike to the upside.

An election is great opportunity to find some news trades. They offer a high probability of success and you just need to be quick!

 

Kiwi

NZD/USD – 240 min Chart
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