Advertisement
Advertisement

NZD/USD Forecast August 30, 2016, Technical Analysis

By:
Christopher Lewis
Published: Aug 30, 2016, 03:40 UTC

The New Zealand dollar fell during the course of the session on Monday, but bounced a bit in order to fill the gap and then perhaps try to reach towards

NZD/USD daily chart, August 30, 2016

The New Zealand dollar fell during the course of the session on Monday, but bounced a bit in order to fill the gap and then perhaps try to reach towards the 0.73 level. At this point in time, if we can get some type of exhaustive candle, I’m willing to start selling. On the other hand, if we can break above the massive candle from Friday, and that means that the market is going to continue to go higher. One thing you can count on at this point in time, you more than likely will see a lot of volatility.

About the Author

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.

Did you find this article useful?

Advertisement