The NZD/USD pair broke higher during the course of the day on Friday, testing the 0.6750 level. This is an area that’s been interesting to the markets on
The NZD/USD pair broke higher during the course of the day on Friday, testing the 0.6750 level. This is an area that’s been interesting to the markets on several different occasions, so having said that it’s only a matter of time before the sellers reenter the market and push the New Zealand dollar down. The commodity markets of course continue to struggle, and that should continue to weigh upon the New Zealand dollar. If we can break down below the bottom of the range for the session on Thursday, we believe that the market should continue to drift lower.
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.
