The NZD/USD pair rose again today, testing the recent highs. It appears that we are consolidating between the 0.80 and 0.81 levels. This shouldn’t be a surprise as the pair has risen so much. If we break below the 0.80 level – don’t fret it as we need a pullback and this could bring in new buyers at the 0.78 and 0.75 levels. If we break higher – it is going to be difficult to follow it.
Originally posted here
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