The NZD/USD pair fell during the course of the session on Wednesday, as it now appears that we are heading towards the 0.65 level. That area was massively
The NZD/USD pair fell during the course of the session on Wednesday, as it now appears that we are heading towards the 0.65 level. That area was massively supportive back during the months of July and August, and should now be so as well. With this, we feel that short-term traders may be able to sell the New Zealand dollar, but ultimately will we would really prefer to see is some type of supportive candle near the 0.65 handle on the daily chart that we can start buying. With this particular pair, it’s going to come down to what time period you choose.
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.
