The NZD/USD pair fell hard during the Friday session as the selloff continues. The headline risks still abound out there, and as such it's no surprise
The NZD/USD pair fell hard during the Friday session as the selloff continues. The headline risks still abound out there, and as such it’s no surprise that one of the quickest movers as far as major currency pairs are concerned fell apart. However, we see a band of support between 0.82 and 0.81 and that should continue to support the market. While we are not ready to start buying yet, we would not be surprised at all to see some type of supportive candle in this general vicinity if we get that, we would start buying as it would more than likely bring a return to the bullishness that we have seen for so long.
NZD/USD Forecast December 24, 2012, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
