Kiwi Versus Franc and Dollar September 26th

FX Strategy Video > Currency Pairs Analysis

NZD/CHF isn't a pair we trade often, but what it is great at is telling market sentiment. The fact that the pair presently sits right at the 0.70 level, and closed at the absolute bottom of the daily range against the Franc (a currency that is actively being devalued) tells us that the Kiwi is in an absolutely dreadful state.

NZD/USD confirms this as it closed the Friday session at the lows, and one gets the idea that it would have fallen farther if it had more time. A bounce could be coming off of minor support at the 0.77 level, but this currency pair looks sick.

Published on 23rd of September 2011
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