By FX Empire.com
NZD/USD fell hard on Wednesday as traders are running from the riskier assets around the world. The Kiwi will continue to get pummeled in a “risk off” environment as it is highly correlated to commodities in general. The pair looks like the 0.75 is a thing of the past, and that the next move is probably going to be to the 0.70 level. We sell rallies as long as we are under 0.75, and continue to sell only – not buying at all.
NZD/USD Forecast Nov. 24th, 2011, Technical Analysis
Originally posted here
