The NZD/USD pair fell slightly during the course of the session on Tuesday, but at this point time we continue to simply bounce around at this point, so
The NZD/USD pair fell slightly during the course of the session on Tuesday, but at this point time we continue to simply bounce around at this point, so we are not overly interested in trading this pair. On a short-term rally though, we would be willing to sell exhaustive looking candles. With no interest in buying at this point in time, and as a result we are hoping for rallies so we can pick up value in the US dollar. Beyond that though, we are simply on the sidelines as the New Zealand dollar seems to be a bit flat at this point.
NZD/USD Forecast January 13, 2016, 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.
