The NZD/USD pair broke down below the 0.65 handle during the day on Monday, as it appears we are trying to break down. Any bounce from here will more than
The NZD/USD pair broke down below the 0.65 handle during the day on Monday, as it appears we are trying to break down. Any bounce from here will more than likely be a selling opportunity given enough time, and we are looking for resistive candles on rallies to turn things back around to search selling. If we break down below the bottom of the range for the Monday session, we are sellers at this point in time. With this, we have no interest in buying the New Zealand dollar as commodity markets are so soft overall.
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.
