The NZD/USD pair initially fell during the course of the day on Monday, but found enough support below in order to turn things back around and form a
The NZD/USD pair initially fell during the course of the day on Monday, but found enough support below in order to turn things back around and form a hammer. However, the hammer is enough to get us excited enough to start buying this market, as we realize that the 0.0 level above continues to offer significant resistance. With that, we are waiting to see whether or not we get some type of negative candle in order to start selling again as the US dollar is most certainly the favored currency by traders around the world.
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.
