The NZD/USD pair went back and forth during the course the day on Friday, hovering around the 0.70 level. Quite frankly, this is a market that looks like
The NZD/USD pair went back and forth during the course the day on Friday, hovering around the 0.70 level. Quite frankly, this is a market that looks like it’s ready to grind sideways as we are sitting on top of a pretty major supportive area, and with that being the case I feel that it’s only a matter of time before this market continues to go higher, perhaps trying to return to the overall consolidation which has a ceiling at the 0.73 handle. If we break down below the 0.69 level however, I feel that the market within drop down to the 0.67 level.
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.
