The NZD/USD pair had a very volatile session on Thursday, and I now think that the previous uptrend line may offer quite a bit of resistance. If we can
The NZD/USD pair had a very volatile session on Thursday, and I now think that the previous uptrend line may offer quite a bit of resistance. If we can break down below the bottom of the scandal, the market should then drop at that point. Alternately, if we break above the top of the range, that would be a very bullish sign and could send the market looking for the 0.74 handle. Regardless, keep in mind that the New Zealand dollar tends to be a bit choppy and noisy anyway, so with that in mind you will have to deal with volatility regardless.
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.
