The NZD/USD pair fell during the session on Thursday, forming a fairly neutral candle. However, we have a significant amount of resistance above at the
The NZD/USD pair fell during the session on Thursday, forming a fairly neutral candle. However, we have a significant amount of resistance above at the 0.69 level to keep this market somewhat negative. Ultimately, if we break down below the bottom of the range for the session, we feel that this market will probably drop down to the 0.67 level. On the other hand, if we break above the 0.69 level, this market should continue to go much higher. Until we get above the 0.69 level, we have no interest whatsoever in buying.
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.
