The NZD/USD pair went back and forth during the course of the session on Friday, but could not break above the 0.70 level, an area that has been massively
The NZD/USD pair went back and forth during the course of the session on Friday, but could not break above the 0.70 level, an area that has been massively resistive. If we can break above the top of the shooting star from 2 weeks ago, the market should continue to go much higher. Pullbacks at this point in time should continue to find buyers, so supportive candles could be something that we were interested in. At this point in time though, the one thing you can count on is a lot of volatility as the commodity markets certainly are.
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.
