The New Zealand dollar fell during the course of the session here on Thursday, but remains well within consolidation still. Because of this, we believe
The New Zealand dollar fell during the course of the session here on Thursday, but remains well within consolidation still. Because of this, we believe that it’s probably best to sell rallies on short-term charts as they appear, as is market should then head down to the 0.65 handle. It is probably only a matter of time before we find enough inertia to break this market down, but this time of year typically does not lend itself to see explosive moves. With this, we are selling short-term trades at this point in time.
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.
