The NZD/USD pair fell during the week, plunging below the 0.85 handle. We have to start asking ourselves whether or not this was a false breakout, or was
The NZD/USD pair fell during the week, plunging below the 0.85 handle. We have to start asking ourselves whether or not this was a false breakout, or was it simply just the precursor to move higher. If we can manage to break above the highest for the week, we would consider this the latter of the two, but until we see that we can’t go long in this marketplace. As far as selling is concerned, there is a lot of choppiness below and it keeps is out of this market from the short side.
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.
