The New Zealand dollar went sideways during the session on Monday, as we continue to do nothing. Because of this, I think that the market needs to make some type of impulsive move before you put any money to work. With this in mind, I’m looking to the daily charts for some type of impulsivity to get involved. A breakdown below the 0.7125 level census market looking to the 0.70 level, while a break above the 0.72 level census market looking to the 0.73 handle. Until I get those moves, I’m on the sidelines.

NZD/USD Video 05.9.17

This article was originally posted on FX Empire

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