The NZD/USD pair had a slightly negative session on Thursday, but still looks like it is been well supported at the 0.83 handle. Look at this candle it
The NZD/USD pair had a slightly negative session on Thursday, but still looks like it is been well supported at the 0.83 handle. Look at this candle it sets up a fairly easy and binary trade. If we managed to break above the highs from the session on Thursday, this would be a buy signal as we run back towards the 0.85 handle. If we managed to break the lows, we see far too many supportive areas all the way down to the 0.80 handle in order to be confident on selling.
NZD/USD Forecast December 21, 2012, 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.
