The Wild Card NZD/JPY 29 Sep 2009

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The Wild Card NZD/JPY 29 Sep 2009
Tuesday, 29 Sep 2009
Bearish Sentiment Persists in Trading

The USD and JPY maintain their rallies over their riskier counterparts as traders try to decipher officials' comments regarding exit strategies and interest rate hikes for the near future. Today sees the first day of important economic news form the U.S since the G20 summit, which will likely cause volatility for the Dollar and set its course for the week.

The Wild Card
NZD/JPY

A bearish cross is evident on the hourly, 2 and 4 hour Slow Stochastic charts, with a bearish cross also evident on the 4 hour MACD ... read more forex|forex trading|learn forex|forex trading software