The NZD/USD pair rose during the session on Friday, but as you can see still is in a large amount of nastiness and choppiness in this market. Because of
The NZD/USD pair rose during the session on Friday, but as you can see still is in a large amount of nastiness and choppiness in this market. Because of this, this market is going to be very difficult to trade, keeping us out of the market. Quite frankly, with the commodity markets hanging on the very words of the Federal Reserve and whether or not he can taper, the New Zealand dollar will probably be very difficult to trade for the foreseeable future. On top of that, we are at the end of the year, and liquidity will start to disappear.
NZD/USD Forecast December 16, 2013, Technical Analysis
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.
