James Kim@Saxo
In this webcast, Saxo's global sales trader James Kim runs through the events of the week ahead and give his thoughts on the positioning of S&P, Hang Seng, US Dollar Index, EURUSD, USDCHF, NZDUSD, AUDUSD, USDJPY, XAUUSD.
Short term
Trade view / 05 July 2017 at 2:48 GMT

New Zealand dollar rally may be running out of puff

Trader / Saxo Capital Markets Pte Ltd
Instrument: NZDUSD
Price target: 0.7080
Market price: 0.7285

NZDUSD began this week finding resistance at the 0.7350 region, which has capped gains for the pair throughout 2017.

The price action since June 2017 appears to be forming a rising wedge, a technically bearish pattern. Momentum is also at risk of reversal to the downside, as the MACD line pulls away from its signal line.

We initiate an entry stop at 0.7250, just below the low on July 4, 2017. The stop loss is at 0.7350, which is the resistance region mentioned above. Take profits at 0.7080, which is the 50% retracement of the up move since May 2017.

Management and risk description


Entry: 0.7250.

Stop: 0.7350.

Target: 0.7080.

Time horizon: Two to five days.

Inquiries and comments welcome:

  • Tareck Horchani, head, Sales Trading APAC, email:, tel:+65 63037651
  • Andrew Bresler, deputy head, Sales Trading APAC, email:, tel: +65 63037614
  • Kay Van-Petersen, macro strategist, email:, tel: +65 63037622
  • James Kim, sales trader, email:, tel: +61 282679009
  • Edmund Liu, sales trader, email:, tel: +65 63037704

— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on is found here


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail