The NZD/USD pair went back and forth during the course of the session on Thursday, hugging just below the 0.65 level. With that being the case, the market
The NZD/USD pair went back and forth during the course of the session on Thursday, hugging just below the 0.65 level. With that being the case, the market looks as if it is probably going to continue to go little bit lower, but it may take some time. There is a significant amount of support all the way down to the 0.60 level, meaning that although we are negative of this market, we recognize that it might be choppy all the way down there. Ultimately, we are sellers but recognize it will take patience.
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.
