The NZD/USD pair rose, and then fell on Thursday as traders begin to ask even more questions about the global economy. The pair is extremely risk-sensitive, and will fall as more and more fear enters the marketplace. The pair is in a massive consolidation area, but a breaking of the lows on Thursday would have us selling, and aiming to get back down to the 0.81 level. If we get above the highs on Thursday, there is still resistance above until we get to 0.86 or so, keeping us on the sidelines.
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