The NZD/USD pair fell during the course the week, but there is a significant amount of support at the 0.70 level. There is an extension of that support
The NZD/USD pair fell during the course the week, but there is a significant amount of support at the 0.70 level. There is an extension of that support all the way down to the 0.67 level. Having said that, we could fall but I don’t have much interest in shorting this market from a longer-term perspective. I feel that it will be short-term trades only. If we bounce, I would be more than likely to start buying this market as it should reach down to the 0.73 level above.
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.
