The NZD/USD pair fell during the course of the session on Friday, heading to the 0.7750 level. That level of course offered support, and as a result we
The NZD/USD pair fell during the course of the session on Friday, heading to the 0.7750 level. That level of course offered support, and as a result we feel that this market should continue to be one that’s very bullish. If we break down below that level, we think that the market will then head to the 0.75 level, which is a much more significant longer-term level. Any rally at this point in time is something that would be sold, and we have no interest whatsoever in buying. In fact, we believe that the 0.80 level will continue to be massively resistive.
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.
