The NZD/USD pair initially tried to rally during the course of the day on Friday, but got turned right back around as the 0.7350 level offered far too
The NZD/USD pair initially tried to rally during the course of the day on Friday, but got turned right back around as the 0.7350 level offered far too much in the way resistance to allow the market to continue going higher. Because of this, it looks as if the market is probably a pullback a bit from here but I would expect to see support below. Ultimately, who knows will happen once volume comes back, but I do believe that we are trying very hard to break out to the upside once that happens.
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.
