The NZD/USD pair went back and forth during the session on Tuesday, essentially going nowhere in the end. We continue to hover around the 0.8150 level,
The NZD/USD pair went back and forth during the session on Tuesday, essentially going nowhere in the end. We continue to hover around the 0.8150 level, and as a result we don’t really have much of a diagnosis on this pair at the moment, except that it is most definitely bearish. We still think that a pop to the 0.83 handle is likely, and at that point time we also expect to see significant resistance. It is that resistance that we are looking to sell into as we suspect there could be a nice resistive candle in the general vicinity.
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.
