The NZD/USD pair initially fell during the course of the session on Monday, but turned right back around at the 0.72 level. With this being the case, the
The NZD/USD pair initially fell during the course of the session on Monday, but turned right back around at the 0.72 level. With this being the case, the market looks as if it is ready to turn back around and try to break out and above the 0.73 level. With fact, I believe that breaking above there would more than likely send the market looking for the 0.75 level. With this being the case, there is plenty of reason to think that we will continue to go higher over the longer term as we have a nice interest rate differential.
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.
