By FXEmpire.com
The NZD/USD pair fell during the Friday session, to reach the 0.8050 support level. This pair does look like it’s trying to grind its way sideways in the meantime, and we are definitely sitting on top of pretty serious support.
The market is currently pricing in Federal Reserve easing, as well as several other central banks around the world. This should be a boon for commodity prices, and should be positive for the Kiwi dollar as well. We still believe in this trade to the upside, and are willing to buy supportive action right around current levels. As for selling, we simply will not do it until we get below the 0.78 support level.
Click here for updated NZD/USD News.
Originally posted here
