The NZD/USD pair rose during the course of the session on Friday, as we continue to grind higher. Keep in mind that the New Zealand dollar is highly
The NZD/USD pair rose during the course of the session on Friday, as we continue to grind higher. Keep in mind that the New Zealand dollar is highly sensitive to the commodity markets, and as a result if we get size of strength over there, we should get signs of strength here. Pullbacks should continue to find buying opportunities below, as we have been grinding higher. The 0.70 level above is a significant barrier, and once we get above there it’s very likely that the New Zealand dollar will continue to go much higher.
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.
