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.
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.
