The NZD/USD pair fell slightly during the course of the day on Friday, bouncing around just below the 0.65 level. However, the weekly candle is a massive
The NZD/USD pair fell slightly during the course of the day on Friday, bouncing around just below the 0.65 level. However, the weekly candle is a massive hammer, and as a result we feel it’s only a matter time before the buyers will year. With this, we are going to look for supportive candles or moves above the top of the hammer from the Monday session in order to start going long again. We believe that this market will eventually go much higher, but the reality is that the one thing you can count on is extreme volatility.
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.
