The New Zealand dollar rallied during the day on Friday, breaking above the 0.7270 level. As we are near the highs of the session, this is a very bullish
The New Zealand dollar rallied during the day on Friday, breaking above the 0.7270 level. As we are near the highs of the session, this is a very bullish sign and should see the New Zealand dollar continuing to show strength over the next several sessions. Dips could be buying opportunities and on the longer-term charts, it looks like buyers are willing to come into the marketplace. If we can break above the 0.73 level, I think that we will then go looking towards the 0.75 level above which is a major resistance barrier. In the meantime, expect choppiness, but I think with more of an upward proclivity than anything else.
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.
