Daily Forex Signal: Selling Risk Into Weekly Close – NZD/USD
June 24, 2010 at 15:06 UTC || By Forex Playmaker
Heading into the weekly close, traders should continue to short riskier currencies, which have held up surprisingly well amid broader market declines. Specifically, the New Zealand dollar appears overpriced relative to its US counterpart, which may result in a sharp selloff heading into tomorrow’s session. Last priced at 0.7110, the pair remains near its highest… Continue Reading
Daily Forex Signal: NZD/USD May Reach 0.72
June 16, 2010 at 20:45 UTC || By Forex Playmaker
As the risk trade gains steam, the New Zealand dollar may climb a couple more handles against its US counterpart in the very near-term. Last priced at 0.6955, the NZD/USD appears to have upside toward 0.72. However, the pair will likely head lower before its next leg up and the downside appears to be limited… Continue Reading
Daily Forex Signal: NZD/USD Rises Ahead of Major Drop
June 9, 2010 at 20:16 UTC || By Forex Playmaker
The New Zealand dollar is moving higher in Asia trading today, following a 0.25% rate hike out of the RBNZ. While the rate hike was anticipated coming into the session, the price action that followed suggests that some traders were taken off guard. The NZD/USD bounced as much as 100 pips following the hike, but… Continue Reading
Daily Forex Signal: Buy AUD/NZD
May 9, 2010 at 22:09 UTC || By Forex Playmaker
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