The NZD/USD pair initially fell during the course of the day on Thursday, but bounced enough to form a slightly positive candle. There is a lot of noise
The NZD/USD pair initially fell during the course of the day on Thursday, but bounced enough to form a slightly positive candle. There is a lot of noise above, so this point in time it seems very unlikely that we will continue to go higher. A somewhat resistive candle would be a selling opportunity, but we do not have one yet. We have no interest whatsoever in buying this market, and realize that it is going to be very volatile and with that being the case we are on the sidelines at the moment.
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.
