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New Zealand Dollar May Have Finally Turned

By , Quantitative Strategist
03 April 2014 15:30 GMT
ssi_nzd-usd_body_Picture_14.png, New Zealand Dollar May Have Finally Turned

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NZDUSDA substantial shift in New Zealand Dollar trading sentiment combined with a key technical turn warns that the Kiwi Dollar may continue trading to fresh lows.

Trade Implications – NZDUSD: The ‘Bird’ has admittedly eluded us in recent months as we got caught on the false turn lower in early March only to be taken out of short positions on the continuation higher.

Yet retail FX traders are now near turning net-long NZDUSD for the first time in two months, and key technical evidence suggests this may finally be the move we’ve anticipated.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_nzd-usd_body_Picture_15.png, New Zealand Dollar May Have Finally Turned

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03 April 2014 15:30 GMT