The NZD/USD pair broke higher during the session on Monday, testing the 0.80 handle but not breaking above it. Because of this, it seems as if the market
The NZD/USD pair broke higher during the session on Monday, testing the 0.80 handle but not breaking above it. Because of this, it seems as if the market is continuing to try to break higher, but ultimately we know that the Royal Bank of New Zealand is push in this market down, and aiming for the 0.68 handle given enough time. In fact, they have even entered the spot markets in order to sell the Kiwi off. Because of this, we are only sellers, and we are looking for some type of resistant candle in order to take advantage of the central bank’s well-known attention.
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.
