By FXEmpire.com
The NZD/USD pair had a positive day on Friday as the 200 day EMA acted as support. The pair has been consolidating lately, and as a result has been a good scalper’s market. The 0.80 level below should be massively supportive, and as long as we are above it – we feel that the range can be played. The Wednesday FMOC meeting could be the catalyst to finally break out of this range, and as a result we believe this pair will be tight until that announcement. Until then, we believe short-term term moves are the norm.
Click here a current NZD/USD Chart.
Originally posted here
