The NZD/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. Because of
The NZD/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. Because of this, the market looks as if it is getting ready to drop from here, and with that it’s likely that the market will turn back around and reach lower, but if we do break above the top of the shooting star that’s a very bullish sign and we should then run towards the 0.70 level. Volatility will continue to be the main theme of this market going forward, so you must be prepared for that.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
