The NZD/USD pair initially tried to rally during the course of the session on Thursday, but turned right back around just below the 0.75 level to show
The NZD/USD pair initially tried to rally during the course of the session on Thursday, but turned right back around just below the 0.75 level to show significant resistance. The candle looks very negative, so I think we will continue to drop from here and start to look for support below. A supportive candle could be reason enough to start going long, and as a result I believe that the market will offer buying opportunities going forward, and I am simply waiting for that opportunity. Until then, I will be on the sidelines.
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.
