The Kiwi Holding 0.6500 For Now
With the strong USD overnight, the Asian currencies have been under a bit of pressure. While the moves haven't been too big, the NZD/USD is
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Last updated: Thursday, October 4, 2018
With the strong USD overnight, the Asian currencies have been under a bit of pressure. While the moves haven’t been too big, the NZD/USD is clearly the big mover so far.
It’s down below support at 0.6500 and so far it’s holding.
This is a big round number level, so if it can spend some time here we might be in for another leg lower.
Remember, time confirms price.
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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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