⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

What’s the Best Time to Sell the Kiwi?

Posted Tuesday, October 24, 2017 by
Rowan Crosby • 1 min read

The NZD/USD has been one of the weakest performers over the last few trading sessions. Since their new Government finally came together, markets have given the New Zealand currency a massive whack.

When we see this type of momentum, I’m looking to go with it. I don’t want to try and be picking the bottom that’s for sure.

As such, I keep an eye on key levels that I think might be good for shorting and then watch the price action. Today the one of interest is clearly going to be 0.7000. That might be enough to put a roof on the Kiwi. If not then 0.7035. As it stands we have an open sell signal out on the Kiwi, which suggests this one is ripe for another move lower.

 

Kiwi

NZD/USD – 240min Chart.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments