FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
19,811,473Confirmed
729,657Deaths
12,726,109Recovered
Fetching Location Data…
Advertisement
Advertisement
Christopher Lewis
nzdusdWEEK

The NZD/USD pair initially fell during the course of the week, testing the 0.65 level. With that being the case, we found enough support down there to turn the market around and form a hammer. The previous candle was a shooting star, so this shows that there is quite a bit of confusion at the moment. We believe that short-term traders will be in control of this market, keeping this very range bound and tight going forward, thereby keeping this market out of the hands of longer-term traders in the meantime.


 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk