By FXEmpire.com
The NZD/USD pair fell for most of the session on Monday as the markets went “risk off” for much of Asia and Europe. However, once the Americans got involved, the Dollar sold off and most currencies suddenly found strength against the greenback. The hammer that formed for the session is closing around the 82 level, and this suggests that we are going to see a move higher. The breaking of the highs for the Monday session is a classic buy signal in this market, and we would expect to see the 0.8450 level being retested if we break higher. Selling isn’t possible until we see a daily close below the 0.80 level.
NZD/USD Forecast April 17, 2012, Technical Analysis
Originally posted here
