The NZD/USD pair fell during the course of the day on Friday, as we continue to grind our way lower. That’s a key word here though, “grind”, as I do not
The NZD/USD pair fell during the course of the day on Friday, as we continue to grind our way lower. That’s a key word here though, “grind”, as I do not expect an easy move lower. I think rallies that show signs of exhaustion might be easier to deal with than anything else as it would give us an opportunity to sell and perhaps even pick up a little bit of momentum. Ultimately, I believe that the markets going to try to target the 0.65 handle below. The markets don’t offer much hope in the prospect of going long 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.
