NZDUSD Analysis

The kiwi is still trading in a range among 0.81 - 0.8285. Watch for a break of this channel that couldlead to a 200 pips move. Major economic news for the NZD/USD this week will be unemployment rate and of course NFP on Friday. Each one of the news mentioned has the potential to trigger a break.

RBNZ Interest Rate Preview

We realize that today’s FOMC Meeting may be a little more important than tonight’s (tomorrow Morning) Reserve Bank of New Zealand Interest Rate Meeting.  Nonetheless, with 99% of Forex traders, analysts, etc focusing on the FOMC Meeting, we wanted to highlight a potential opportunity in the NZDUSD.