The NZD/USD pair went back and forth during the course of the week, testing the 0.64 level. That area offered enough support to turn the market back
The NZD/USD pair went back and forth during the course of the week, testing the 0.64 level. That area offered enough support to turn the market back around, so it is likely that we will continue to bounce from here and perhaps try to continue to consolidate between the aforementioned 0.64 level on the bottom of, and the 0.69 level on the top. Ultimately, this is a market that should continue to see quite a bit of volatility has commodity markets of course have an influence on the Kiwi dollar itself.
NZD/USD forecast for the week of January 25, 2016, Technical Analysis
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.
