The NZD/USD pair broke higher during the course of the week but gave back quite a bit of the gains on Friday. Because of this, it looks like we are
The NZD/USD pair broke higher during the course of the week but gave back quite a bit of the gains on Friday. Because of this, it looks like we are probably going to try to go higher, but it’s going to be very choppy. We believe that the market is simply continuing to consolidate between the 0.64 level below, and the 0.69 level above. The market will continue to be very choppy, and at this point in time it’s very likely that the shorter-term traders will probably be more attracted to the New Zealand dollar than longer-term ones.
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.
