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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
