By FX Empire.com
NZD/USD fell hard on Friday as the doubts around the Greek debt deal continued. The fall from the 0.8250 level should have been expected though, as the move recently had been very parabolic in nature. The pair has been very bullish, and save some kind of meltdown in the European Union, we expect that this pullback should provide a buying opportunity. We like the 0.82 and 0.80 levels as possible support levels from which to buy this pair. We don’t sell this pair until we close below the 0.80 level. The pair is far too strong to sell, and the trend is clear. We will use 0.80 as our marker on which side of the trade we want to be.
NZD/USD Forecast February 13, 2012, Technical Analysis
Originally posted here
