The NZD/USD pair fell during the day on Monday, but continues to hang about the 0.6750 level. This is an area that is a very attractive to the
The NZD/USD pair fell during the day on Monday, but continues to hang about the 0.6750 level. This is an area that is a very attractive to the marketplace, as we continue to consolidate overall. With this, we are on the sidelines and waiting for some type of clarity, but certainly don’t have it at the moment. It’s going to be easier to trade other currencies, and therefore we will stay away from the New Zealand dollar at the moment. Any supportive candle on a pullback is a buying opportunity, but at the same time any type of resistive candle at the end of a rally is a selling opportunity.
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.
