The NZD/USD pair fell during the bulk of the session on Tuesday, bouncing in the end from the 0.8150 level in order to form a nice looking hammer.
The NZD/USD pair fell during the bulk of the session on Tuesday, bouncing in the end from the 0.8150 level in order to form a nice looking hammer. However, we need to get above the 0.8250 handle in order to start buying, and as a result we are essentially stuck on the sidelines until we get the nonfarm payroll numbers. In fact, we are not trading this market at all during the session today, and will simply wait to see what the end of the day brings us as far as a technical set up.
NZD/USD Forecast December 6, 2013, Technical Analysis
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.
