By FX Empire.com
NZD/USD rose during the Friday session as the Non-Farm Payroll numbers in America came out much better than expected. The strong number shows that perhaps there will be an upsurge in demand for commodities and traders will feel more at ease with taking risks. This always favors the Kiwi, and as a result the market rose for Friday. The pair continues to find the 0.8350 level a bit resistive though, so any new long positions should wait to see a breaking of the top of the Friday range in order to buy into the rally. If not, the resulting pullback will be looked at as a potential buying opportunity, and we believe the 0.82 level is the first place we could see support.
NZD/USD Forecast February 6, 2012, Technical Analysis
Originally posted here
