The NZD/USD pair tried to rally during the course of the session on Thursday, but turned back around to form a bit of a shooting star. That being the
The NZD/USD pair tried to rally during the course of the session on Thursday, but turned back around to form a bit of a shooting star. That being the case, the market looks as if it is going to drop from here, perhaps reaching towards the psychologically significant 0.65 handle. Ultimately, we have no interest whatsoever in buying, because even if we break above the top of the shooting star, there is more than enough noise near the 0.6750 level to keep this market down. Ultimately, the New Zealand dollar should lose value.
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.
