By FXEmpire.com
The NZD/USD pair fell for most of the session on Thursday in order to pierce the 0.81 level. The area is also home to the 38.2% Fibonacci level, and the fact that we have held so far is in fact a bullish sign. Also, you have to know that the 80 level just below is supportive as well. The pair has been very bullish, and we think that it will continue over the longer term. We like buying this pair if we break the top of the Thursday candle. Also, we are looking at any supportive candles to buy from as well as long as we are above the 0.80 handle.
NZD/USD Forecast March 23, 2012, Technical Analysis
Originally posted here
