The NZD/USD pair had a slightly choppy week, as we went back and forth to form a relatively neutral candle. The market looks as if it is willing to test
The NZD/USD pair had a slightly choppy week, as we went back and forth to form a relatively neutral candle. The market looks as if it is willing to test in the previous uptrend line, and as a result we could get a bit of a rollover. The market should find plenty of support near the 0.70 level, but also should .20 of resistance above the 0.7350 handle. Either way, it’s going to be a choppy week, and probably rest of the year. We are currently consolidating in general.
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.
