By FXEmpire.com
The NZD/USD pair had a fairly uneventful day on Thursday as the pair just moved sideways. The doji for the day summed up the action fairly well, and the pair looks like it is in a waiting mode for the Non-Farm Payroll results. The Friday action will be a bit thin as well, as it is Good Friday. The announcement comes out during the early morning in the United States so many traders won’t even be online to begin with. This could lead to erratic movements, and as a result we are waiting to see what the close brings on Friday. The 0.8050 level should be supportive, and the 200 day EMA, 38.2% Fibonacci level, and 50% should be as well. Because of this, on a supportive looking candle, we are buying. Selling isn’t a thought quite yet.
NZD/USD Forecast April 6, 2012, Technical Analysis
Originally posted here
