By FXEmpire.com
The NZD/USD pair fell after initially trying to rally during the Friday session. The shooting star for Thursday suggested that we could see continued downward pressure in this market, and a break below the bottom of this candle has us selling, but only until we also close on the daily chart below the 0.78 handle. We believe that sooner or later this will more than likely come true. However, until that hurdle is cleared, we can’t put a trade on. As for buying, we need to see a daily close above the 0.80 level in order to buy at this point.
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Originally posted here
