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New Zealand markets closed

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NZD/USD

    0.5898
    -0.0007 (-0.12%)
     

  • NZD/EUR

    0.5528
    -0.0017 (-0.30%)
     

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • OIL

    83.20
    +0.47 (+0.57%)
     

  • GOLD

    2,408.00
    +10.00 (+0.42%)
     

  • NASDAQ

    17,186.54
    -207.77 (-1.19%)
     

  • FTSE

    7,896.88
    +19.83 (+0.25%)
     

  • Dow Jones

    37,944.30
    +168.92 (+0.45%)
     

  • DAX

    17,752.53
    -84.87 (-0.48%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • NZD/JPY

    91.1160
    -0.1380 (-0.15%)
     

NZD/USD Forecast September 13, 2017, Technical Analysis

Christopher Lewis
Updated

The New Zealand dollar initially fell on Tuesday, but broke higher and exploded to the upside. This market continues to consolidate between the 0.7330 level, and the 0.7225 level. With this, we continue to see a lot of volatility, but I think the market is somewhat directionless. Short-term back and forth trading might be buying opportunities as well as selling opportunities, but I would be very quick to take profits. The volatility continues to form a reasonably clear trading range, and until we break out of there, I don’t think there’s much to do more than quick scalping.

NZD/USD Video 13.9.17

This article was originally posted on FX Empire

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