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  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NZD/USD

    0.5901
    -0.0005 (-0.08%)
     

  • NZD/EUR

    0.5524
    -0.0021 (-0.37%)
     

  • ALL ORDS

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    -81.50 (-1.03%)
     

  • ASX 200

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    -74.80 (-0.98%)
     

  • OIL

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    +0.56 (+0.68%)
     

  • GOLD

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    +6.50 (+0.27%)
     

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    -163.13 (-0.94%)
     

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    +188.57 (+0.50%)
     

  • DAX

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    -88.50 (-0.50%)
     

  • Hang Seng

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    -161.73 (-0.99%)
     

  • NIKKEI 225

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

  • NZD/JPY

    91.1910
    -0.0630 (-0.07%)
     

New Zealand Dollar Likely to hit Fresh Lows

David Rodriguez

DailyFX.com -

New Zealand Dollar Likely to hit Fresh Lows
New Zealand Dollar Likely to hit Fresh Lows

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NZDUSD – Retail forex trading crowds remain aggressively long the New Zealand Dollar versus the US Dollar and have remained so since the NZD/USD traded below $0.7600 in May. As long as ‘the crowd’ continues to buy, we’ll remain in favor of selling into declines.

See next currency section: XAUUSD - Gold Prices May Resume Downtrend

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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