The NZD/USD pair fell slightly during the relatively quiet Christmas Eve trading session on Monday. However, we are currently above the 0.82 level which
The NZD/USD pair fell slightly during the relatively quiet Christmas Eve trading session on Monday. However, we are currently above the 0.82 level which seem supportive at that point and as a result we are not very comfortable shorting this market. In fact, we see minor support levels all the way down to the 0.80 handle, making shorting this pair one of your more difficult potential trades. With that being said, we are looking to buy supportive candles as they appear, as we think the up trend will continue over the long run. During this holiday week so, it could be a fairly slow market.
NZD/USD Forecast December 26, 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.
