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.
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.
