The NZD/USD pair fell rather significantly from the all-important 0.6750 level, as that area has proven itself to be important yet again. It looks as if
The NZD/USD pair fell rather significantly from the all-important 0.6750 level, as that area has proven itself to be important yet again. It looks as if the New Zealand dollar is going to fall right along with the Australian dollar. It appears of the market will probably try to reach towards the 0.65 level, which of course has been rather supportive previously. We are sellers on rallies, but recognize that the market will be choppy and it will be short-term trading opportunities at best. We have no interest in buying the Kiwi dollar at the moment though.
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.
