NZD/USD had a rough day on Friday as the risk appetite in the trading community fell later in the session. The pair has had an extended run, and a fall
NZD/USD had a rough day on Friday as the risk appetite in the trading community fell later in the session. The pair has had an extended run, and a fall from here wouldn’t be a surprise at this point. The shooting star on Friday was preceded by a hammer on Thursday, so it does show confusion at this point. We actually prefer selling this pair, and would do so if we could get below the hammer on Thursday or on signs of weakness closer to the 0.8000 level.
NZD/USD Forecast December 5, 2011, 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.
