By FXEmpire.com
The NZD/USD pair rose during the session on Thursday as the Kiwi dollar broke above the 0.80 level. However, we did see a bit of a pullback late in the day to suggest that the resistance is still firm.
This does state that there is plenty of support and buying pressure in this market presently, but not quite enough to break out. It is the breakout above the 80.60 level that we are looking for in order to go long. At this point in time, we don’t really have any interest in selling this pair, as it looks so strong overall.
Click here for further NZD/USD Forecast.
Originally posted here
