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.
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.
