The NZD/USD pair went back and forth during the course the day on Friday, hovering around the 0.70 level. Quite frankly, this is a market that looks like
The NZD/USD pair went back and forth during the course the day on Friday, hovering around the 0.70 level. Quite frankly, this is a market that looks like it’s ready to grind sideways as we are sitting on top of a pretty major supportive area, and with that being the case I feel that it’s only a matter of time before this market continues to go higher, perhaps trying to return to the overall consolidation which has a ceiling at the 0.73 handle. If we break down below the 0.69 level however, I feel that the market within drop down to the 0.67 level.
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.
