The NZD/USD pair fell a bit during the course of the session on Friday, as we start to reach towards the 0.65 handle. This is an area that has been
The NZD/USD pair fell a bit during the course of the session on Friday, as we start to reach towards the 0.65 handle. This is an area that has been supportive recently, but we feel it’s only a matter of time before he break down. A move below the 0.64 level could send this market down to the 0.62 handle next. Any rally at this point in time should be a selling opportunity, and therefore we have no interest whatsoever in buying this market. The US dollar is the strongest currency in the world right now, and we certainly don’t want to risk owning the New Zealand dollar.
NZD/USD Forecast November 30, 2015, Technical Analysis
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.
