NZD/USD had a flat day on Friday as the markets finally seem to be sliding into the holiday mode. The pair is at the top of its most recent range, and we feel the 0.78 level should continue to offer resistance. With this in mind, we are also aware that the 0.75 level will offer support. Because of this, we are simply range trading this pair for quick scalps using these two levels are boundaries. Selling at 0.78 and buying at 0.75 seems to be the way forward.
NZD/USD Forecast December 26, 2011, Technical Analysis
Originally posted here
