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Trade in focus: NZDUSD
Michael McKenna
Head of Editorial Content, Saxo Bank
Summary: Is the kiwi ready to rally?
Saxo's Trade Signals tool has identified a potential upside break out of a falling channel formation in NZDUSD. The tool gives a probability of 67% to this analysis, with this measurement evaluated against past performance over six months with respect to this pattern type.
The New Zealand dollar traded at 0.6547 versus USD as of publication, with Trade Signals identifying this move as having the potential to extend towards 0.6610 over the next 11 days.
The New Zealand dollar traded at 0.6547 versus USD as of publication, with Trade Signals identifying this move as having the potential to extend towards 0.6610 over the next 11 days.