The NZD/USD pair broke higher during the course of the session on Thursday, but found the 0.74 level to be a bit too resistive as we turned back around to
The NZD/USD pair broke higher during the course of the session on Thursday, but found the 0.74 level to be a bit too resistive as we turned back around to sell off some of the profits. Ultimately though, the 0.750 level above should continue to be resistance, so we feel that no matter of wide, we have no interest in buying this market. We believe that the New Zealand dollar will continue to sell off overall, so we are looking for resistive candles in order to continue to sell and take advantage of strength in the US dollar.
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.
