The NZD/USD pair fell during the early part of the Friday session, only to bounce again during the US session. The commodity trade has been bullish, and
The NZD/USD pair fell during the early part of the Friday session, only to bounce again during the US session. The commodity trade has been bullish, and the Kiwi has flourished as a result. The candle from Friday looks like a hammer, but can also be a “hanging man” if we break the bottom. So the trade set up is quite simple: we buy if it gets above the highs from Thursday, and sell if we get below the lows from Friday. We expect the 0.8000 level to be supportive in the case of a selling situation.
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.
