By FXEmpire.com
The NZD/USD pair fell very hard during the session on Tuesday to continue to slide in this pair. The candle looks very weak as the market closed towards the very bottom of the range, and it suggests that we are going to see continued weakness in this pair. This certainly wouldn’t be a surprise as the currency markets suddenly are found running towards the US dollar for safety from the financial time bomb in the European Union. The pair has fallen quite a bit at this point, so we prefer to sell the rallies as they come. 0.80 should be the ceiling of this market in the meantime.
Click here a current NZD/USD Chart.
Originally posted here
