News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
New Zealand Dollar Expected to Gain Further

New Zealand Dollar Expected to Gain Further

David Rodriguez, Head of Product
New Zealand Dollar Expected to Gain Further

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

NZDUSD A major shift in retail trader sentiment warns the New Zealand Dollar may continue higher versus the US Dollar.

Trade Implications NZDUSD An important NZDUSD rally has been met with fairly aggressive retail FX trader selling, and a contrarian view of crowd positions leads us to call for further NZD gains. We admittedly made a similar forecast on a comparable shift in early January and were clearly early. Yet this shift in the NZD occurs as other pairs warn of a Dollar turn, and a further shift towards NZDUSD selling would further confirm a potentially significant reversal in trend.

See next currency section: GBPJPY - British Pound Poised to Lose versus Japanese Yen

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

New Zealand Dollar Expected to Gain Further

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES