The NZD/USD market rose during the session on Monday, but as you can see failed to hang onto much of the gains. Quite frankly, this market looks like it's
The NZD/USD market rose during the session on Monday, but as you can see failed to hang onto much of the gains. Quite frankly, this market looks like it’s trying to find some type of base near the 0.82 handle, but we do not have any type of set up at all that we can recognize and therefore are staying out of it. With that being the case, we see no reason to be involved in a market that can only cause problems, but do recognize that short-term traders might be interested in the small pop that could come in pricing.
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.
