The NZD/USD pair broke higher during the course of the week but gave back quite a bit of the gains on Friday. Because of this, it looks like we are
The NZD/USD pair broke higher during the course of the week but gave back quite a bit of the gains on Friday. Because of this, it looks like we are probably going to try to go higher, but it’s going to be very choppy. We believe that the market is simply continuing to consolidate between the 0.64 level below, and the 0.69 level above. The market will continue to be very choppy, and at this point in time it’s very likely that the shorter-term traders will probably be more attracted to the New Zealand dollar than longer-term ones.
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.
