The NZD/USD pair initially tried to rally during the course of the day on Thursday, and then turn right back around and fell significantly. Because of
The NZD/USD pair initially tried to rally during the course of the day on Thursday, and then turn right back around and fell significantly. Because of this, we feel that this market will continue to fall, and that the sellers will continue to have the upper hand. Ultimately, we have noticed whatsoever in buying this market until we can get well above the 0.81 handle, something that we do not think is going to happen anytime soon. Ultimately, we feel that this market is falling to the 0.75 handle, and then possibly even lower.
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.
