By FX Empire.com
NZD/USD rose during the session on Tuesday, but fell just short of the 0.8000 level. The pair looks like it needs to overcome this area in order to resume any real bullish action. The area looks very resistive, and could produce either a move down, or a pop. The headlines risks out there will continue to push this pair around and as such – we need to see a large candle in one direction or another so we can follow it. In the meantime, we are willing to let the market make up its mind, and we will go with it.
Originally posted here
