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NZDUSD Big Trade 05.09.2016 – LIVE
Triggered on NZD/USD Entry
NZD/USD Big Trade Orders
Place Order to Sell NZD/USD at 0.6785
Stop at 0.6950
The U.S. dollar remains in control this morning and its strength is driving all of the commodity currencies lower. Last night’s Chinese trade numbers illustrate the challenges facing countries supplying to China. Although the trade balance improved exports plunged, which is a sign of big trouble for countries like New Zealand. AUD is also a sell but it more deeply oversold and vulnerable to a sharper recovery than NZD.