The NZD/USD pair fell during the course the week, but there is a significant amount of support at the 0.70 level. There is an extension of that support
The NZD/USD pair fell during the course the week, but there is a significant amount of support at the 0.70 level. There is an extension of that support all the way down to the 0.67 level. Having said that, we could fall but I don’t have much interest in shorting this market from a longer-term perspective. I feel that it will be short-term trades only. If we bounce, I would be more than likely to start buying this market as it should reach down to the 0.73 level above.
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.
