Trade Alerts, Trend Reports and Opinions by FX Options
New Zealand Dollar Trading OUTLOOK
NDO (NZD/USD): further USD decline expected
|Our Forecast: Up move towards 85 or even 88.
|Comment: The pair has rebounded on its support and should post further advance towards its previous high.
To leverage our Trend Opinion on New Zealand Dollar, we selected the following strategy.
||Buy to Open
||1.10 – 1.20
||At or above 2.3
||At or below 0.9
||New Zealand Dollar
* Volatility Cones can be used to visualize current option implied volatility relative to historic volatilities at different maturity ranges
* Historical volatility measures actual market fluctuations of an underlying asset. Implied volatility is a measure of market expectations regarding the underlying future fluctuations.