Is the Kiwi Offering Us a Buying Opportunity

This week we’ve been tracking the Kiwi as we have the NZ election. Whenever a poll comes out suggesting a win to the current Government,

Written by: Rowan Crosby • Thursday, September 21, 2017 • 1 min read

Last updated: Thursday, September 21, 2017

This week we’ve been tracking the Kiwi as we have the NZ election. Whenever a poll comes out suggesting a win to the current Government, then the NZD spikes like we saw yesterday.

Given the fact that there is some a pullback on the back of a bit of FOMC/USD strength, then we are getting a look at a bit of a buying chance.

Now of course we are speculating on the outcome of an election to some extent, but if momentum gains ground, there might be a late rally into the weekend.

Kiwi

NZD/USD – 240 min Chart

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

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.