The NZD/USD pair initially fell during the course of the session on Friday, but found enough support just above the 0.65 level to show a positive candle.
The NZD/USD pair initially fell during the course of the session on Friday, but found enough support just above the 0.65 level to show a positive candle. With this, the market looks as if it is going to continue to consolidate between the 0.65 level on the bottom, and the 0.6750 level on the top. With that, we feel it’s only a matter of time before this market find sellers, and we will of course join them when we get that is resistive candles. We have no interest in buying this market at all as commodities are so soft.
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.
