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NZD/USD Call Signal 22 Jan 2016

Signal details
Entry Price: 
0.6495
Close Price: 
0.6489
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The NZD/USD pair has consolidated its gains in the latter part of the London trading session after rallying along with commodities and stocks yesterday. Currently the price is around 0.6495, which in our views is a great level to buy daily call binary options. We will be looking for the opportunity towards the market close expiry at 21:00 GMT.

The reason for the rally in the NZD/USD is the sentiment that further easing in the European Central Bank's monetary policy will drive demand for commodities. Since New Zealand is a commodity exporter, the country's currency is set to benefit from the rise in demand and prices of certain assets.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.