By FXEmpire.com
The NZD/USD pair rose quite strongly for the session on Thursday as the “risk on” trade came back into the markets in general. The pair has been supportive well lately, and the move up should be a move into the previous consolidation area that keeps the market higher overall. However, in order to buy this pair now, we would like to see a break of the top of the Thursday range as it would show momentum that is still with us to the upside. Selling isn’t a though until we get as low as the 0.7950 level. Pullbacks with signs of support could also be used for buying opportunities as well.
NZD/USD Forecast April 13, 2012, Technical Analysis
Originally posted here
