The NZD/USD pair initially tried to fall during the day on Tuesday but then turned around to form a very bullish candle. At this point in time, looks like
The NZD/USD pair initially tried to fall during the day on Tuesday but then turned around to form a very bullish candle. At this point in time, looks like we’re going to test the 0.70 level, and as a result it’s very likely that if we can get above there the market will be reaching towards the highs again at the 0.7050 level. Pullbacks should find plenty of support just below, as the market looks heavily bullish at this point in time and the 0.69 level should be the “floor” in this market.
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.
