The NZD/USD pair initially tried to rally during the course of the week but fell and ended up closing just above the 0.65 handle. This is a market that
The NZD/USD pair initially tried to rally during the course of the week but fell and ended up closing just above the 0.65 handle. This is a market that simply did not have much in the way of momentum, but quite frankly we feel that eventually we will try to reach back towards the 0.6750 level. On the other hand though, if we break down below the 0.64 level, we feel the market then goes back down to the 0.60 handle. Regardless, this is going to be a market that you will want to trade from shorter-term charts, because there isn’t whole lot of room to move.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
