The NZD/USD pair broke the 0.8000 level during the past week. The pair shot straight up during the week, and the move was impressive. It is too far too
The NZD/USD pair broke the 0.8000 level during the past week. The pair shot straight up during the week, and the move was impressive. It is too far too quick, but the move seems very strong. The pair could pullback, and as such could give the USD a bit of a breather. The area we find ourselves in is very resistive, and any bad news could push this pair down very quickly. The Kiwi is very sensitive to the global risk parameters, and will continue to react according to it.
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.
