The NZD/USD pair went back and forth during the course of the week, as we continue to hover above the 0.65 handle. However, the market sees quite a bit of
The NZD/USD pair went back and forth during the course of the week, as we continue to hover above the 0.65 handle. However, the market sees quite a bit of support at the 0.65 handle, so more than likely we will continue to have to trade this market off of the shorter-term charts. With that, we believe that there could be buyers just below, but we do not have the ability to place a worthwhile trade on this particular chart as the weekly candle simply do not give enough room to move in one direction or the other.
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.
