The NZD/USD pair went back and forth during the course of the day on Tuesday, essentially settling nothing. We are currently sitting just above the 0.65
The NZD/USD pair went back and forth during the course of the day on Tuesday, essentially settling nothing. We are currently sitting just above the 0.65 handle, which should now be relatively supportive. With this being the case, if we form some type of supportive candle, we could consider buying. On the other hand, any signs of resistance on a short-term bounce could also be thought of as a selling opportunity. A break down below the 0.6450 level has us selling as well, as it would be a shot below the support that has been holding the market up.
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.
