The NZD/USD pair fell this past week, but did see a bit of a bounce in the Friday session. The pair is highly sensitive to headline risks out there, and as a result has been very difficult on traders. The latest move has been fairly bearish, but the pair can show rapid climbs as it is a fairly thin market. The 0.8000 level in general seems to be like a magnet, and the 0.82 level would represent an area that was the “most recent high” that the pair has made. If we can close above it on the daily charts, this pair could be a buy. If we break the lows of this past week’s candle – we could sell. The 0.75 level below there is our first sign of real support.
