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NZD/USD forecast for the week of December 28, 2015, Technical Analysis
Published: Dec 26, 2015, 05:24 GMT+00:00
The NZD/USD pair broke higher during the course of the week, testing the 0.68 handle. It appears now that we are ready to try to break out to the upside,
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The NZD/USD pair broke higher during the course of the week, testing the 0.68 handle. It appears now that we are ready to try to break out to the upside, and perhaps clear the 0.69 level. Once it does, we feel this market could go much higher. Until then, buying isn’t a reality for longer-term traders, but a resistive candle could lend itself to selling. Regardless, this week isn’t likely to be the one to send the markets into a longer-term move as we are between two major holidays.
About the Author
Christopher Lewisauthor
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.
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