The NZD/USD pair initially tried to rally during the course of the week but then turn right back around to crash below the 0.67 handle. It looks as if we
The NZD/USD pair initially tried to rally during the course of the week but then turn right back around to crash below the 0.67 handle. It looks as if we are going to grind lower, but the key word here is “grind” so having said that it is difficult to try to place a longer-term trade. It looks as if there is significant downward pressure in this market overall, but at this point in time it’s almost impossible to trade this market from a longer-term perspective as there is so much noise below.
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.
