The NZD/USD pair fell slightly during the course of the session on Monday, as we continue to see quite a bit of resistance above. The 0.65 level below is
The NZD/USD pair fell slightly during the course of the session on Monday, as we continue to see quite a bit of resistance above. The 0.65 level below is massively supportive, and as a result we could get a bit of a bounce. However, this bounce should end up being a nice selling opportunity on signs of exhaustion as the New Zealand dollar will continue to suffer due to very soft commodity markets and of course quite a bit of strength in the US dollar overall due to interest-rate expectations going forward.
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.
