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
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.
