Good News Could Fuel NZD USD Rally to .6553

Surprise news that the S&P Corporation raised the outlook on NewZealand’s debt rating from negative to stable helped boost the price ofthe NZD USD. This news may have given this pair the shot in the armthat it needs to launch a rally to a major 50% price at .6553.

Surprise news that the S&P Corporation raised the outlook on New Zealand’s debt rating from negative to stable helped boost the price of the NZD USD. This news may have given this pair the shot in the arm that it needs to launch a rally to a major 50% price at .6553.

The good news is the budget showed the “government in sound position.”  Investors may show support for the New Zealand Dollar because this positive news represents the government’s ability to balance both short-term stimulus with long-term economic goals.

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James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More

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