The NZD/USD pair broke down during the day on Wednesday, breaking below the 0.65 handle. Because of this, we feel that the market is going to continue to
The NZD/USD pair broke down during the day on Wednesday, breaking below the 0.65 handle. Because of this, we feel that the market is going to continue to go lower from here, perhaps try to reach all the way down to the bottom of the hammer that formed a couple of sessions ago. The 0.60 level below would be massively supportive, and as a result it makes an ideal target. With that, we would be sellers on a break down below the bottom of the candle from the session on Wednesday as it should show continued selling pressure.
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.
