By FXEmpire.com
The NZD/USD pair rose during the “hopium” fueled session on Tuesday as the rumors of more possible stimulus continue to hit the wires. The fact that the pair has reached the highs from the gap up is a strong sign, and as a result we think it could continue. However, the Kiwi is very sensitive to headlines, and as a result we are very careful going long “risk” at this point. The stops will have to be tight if you want to buy, and as a result we don’t really like buying the Kiwi overall. It really isn’t anything concerning the Kiwi at the moment, just that the rise is based upon whispers.
Click here a current NZD/USD Chart.
Originally posted here
