The NZD/USD pair went back and forth during the course of the week, testing the 0.64 level. That area offered enough support to turn the market back
The NZD/USD pair went back and forth during the course of the week, testing the 0.64 level. That area offered enough support to turn the market back around, so it is likely that we will continue to bounce from here and perhaps try to continue to consolidate between the aforementioned 0.64 level on the bottom of, and the 0.69 level on the top. Ultimately, this is a market that should continue to see quite a bit of volatility has commodity markets of course have an influence on the Kiwi dollar itself.
NZD/USD forecast for the week of January 25, 2016, Technical Analysis
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.
