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
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.
