By FX Empire.com
The NZD/USD pair had a bearish day on Friday as the markets sold off risk in the later hours due to the three day weekend in America. The levels that the Kiwi finds itself at are an area that has produced a flat market and looks as if the market is trying to decide if it wants to rise or fall. The 0.8350 level looks to be the fulcrum in the move, and it is that area we must pay attention to. The market does looks like a pullback would be coming, and this would be healthy. However, as long as we are above 0.80, we are willing to buy these pullbacks on signs of support, especially around the 0.82 level.
NZD/USD Forecast February 20, 2012, Technical Analysis
Originally posted here
