By FX Empire.com
NZD/USD fell on Tuesday as the “risk off” trade came back into play. However, the pair has been relentless in its bullishness over the last several months, so when put in perspective; it isn’t that big of a move. In fact, we see this as a buying opportunity once we get a bit of supportive action in this pair. We suspect that the 0.81 and most certainly the 0.80 level will provide it. We are going to buy on any signs of support in the next couple of sessions. If we get a close below 0.80, it would be a sell signal in our eyes.
NZD/USD Forecast March 7, 2012, Technical Analysis
Originally posted here
