By FXEmpire.com
The NZD/USD pair had a wild Friday to say the least. After first forming a shooting star and nice sell signal on Thursday, the pair turned around and formed a hammer on Friday to show real conflicting views in this market.
The pair is certainly one that is based upon risk appetite, and as a result it is heavily influenced by the problems in Europe. The weekend has the markets paying attention to the Chinese economic data, and the possible banking bailout of Spanish financials. Because of this, we feel that trading this pair on a breakout of either the top of the Thursday shooting star or a breakdown below the Friday hammer is the way to go and everything between now and then will be noise at best.
Click here a current NZD/USD Chart.
Originally posted here
