The NZD/USD pair initially rallied during the course of the session on Monday, but struggled above the 0.66 handle. By doing so, we formed a shooting
The NZD/USD pair initially rallied during the course of the session on Monday, but struggled above the 0.66 handle. By doing so, we formed a shooting star, and that of course is a bearish candle. This is a sell signal on a break below the bottom of the candle, as we should then head back towards the 0.65 handle. Nonetheless, this is a negative market, and therefore we don’t really have any interest or need to try to fight the overall trend. Even if we break higher, we will simply look for a selling opportunity at higher levels.
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.
