The NZD/USD pair sold off drastically during the session on Monday, testing the 0.6050 level. However, we turned back around and closed at the 0.65
The NZD/USD pair sold off drastically during the session on Monday, testing the 0.6050 level. However, we turned back around and closed at the 0.65 handle, showing just how supportive this area truly is. With this, we feel that a break above the top of the hammer could be the beginning of something pretty special to the upside. This is especially true if we can get above the 0.6750 level, and at that point in time would be buyers. We have no interest in selling at the moment, there has simply been far too much in the way of support just below.
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.
