The NZD/USD pair took off on Thursday as the commodity markets gained rapidly during the session. The US dollar has been bashed during the session as it
The NZD/USD pair took off on Thursday as the commodity markets gained rapidly during the session. The US dollar has been bashed during the session as it appears that the EU has come up with a “doable” plan. The Kiwi is highly sensitive to commodity markets, and as such you should keep one eye on this chart and another on commodities in general. As long as the “risk on” trade continues, you should see this pair rise. We like buying on dips, but are aware that the pair is sensitive to headline risks.
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.
