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NZD/USD pop on New Zealand election results sets up a short fade - levels to target

NZD/USD pop on New Zealand election results sets up a short fade - levels to target
NZD/USD has popped a few points in the early hours here on Monday with only New Zealand markets underway:Monday morning open levels - indicative forex prices - 16 October 2023 - small NZD popThe marking higher of the kiwi $ is a market dynamics move rather than an important shift in fundamentals. If you think the new government will solve all the problems the NZ economy is facing and thus the NZD will begin a solid uptrend, well, good luck with that. As such the pop in NZD/USD sets up a fade opp... Read More
Posted: Oct 15 2023, 20:28
Author Name: forexlive
Views: 112282

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