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.
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.
