The NZD/USD pair broke higher during the course of the day on Friday, but struggled at the 0.80 level. That being the case, the market fell from there and
The NZD/USD pair broke higher during the course of the day on Friday, but struggled at the 0.80 level. That being the case, the market fell from there and formed a shooting star. That being the case, it feels a lot like a market that’s going to continue to go lower, and the Royal Bank of New Zealand continues to pressure the Kiwi dollar itself, so we feel that the market will eventually drop significantly. With that, the market could very easily at the 0.75 level, but the central bank actually is aiming for the 0.68 handle.
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.
