The NZD/USD pair fell during the course of the session on Wednesday, showing a continuation of negativity. The 0.72 level below is massively supportive,
The NZD/USD pair fell during the course of the session on Wednesday, showing a continuation of negativity. The 0.72 level below is massively supportive, so if we are below there, that would be a significant breakdown in this particular market. On the other hand, if we formed some type of supportive candle, we could bounce. This is a market that could show some real fireworks soon, and therefore you going to have to be very careful placing trades. At this point in time, I am simply waiting to see what happens at the 0.72 handle.
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.
