The NZD/USD pair rose slightly during the course of the day on Thursday as we continue to see quite a bit of volatility and of course resiliency in this
The NZD/USD pair rose slightly during the course of the day on Thursday as we continue to see quite a bit of volatility and of course resiliency in this market. It appears that the New Zealand dollar will eventually reach towards the 0.70 level, but it may take a while for us to actually get there and clear the resistance. Having said that, keep an eye on commodity markets, because if they rise it will often have a very positive effect on the New Zealand dollar as it is so highly influenced by overall risk appetite and of course commodity strength.
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.
