The NZD/USD pair exploded to the upside this past week. The pair marched directly to the 0.82 resistance level, and could see a bit of a pullback at this
The NZD/USD pair exploded to the upside this past week. The pair marched directly to the 0.82 resistance level, and could see a bit of a pullback at this level. However, if we do, it should more than likely be a chance to buy at cheaper levels. The 0.8000 level looks like it could be massively supportive, so any break below that number would have us short this pair – and in large size. The market looks bullish at this point, but needs a pullback. Supportive candles at 0.8000 are great buy signals.
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.
