By FXEmpire.com
The NZD/USD pair tried to rally off of the 0.75 level on Thursday, only to form a shooting star at the end of the day. The Non-Farm Payroll announcement today will more than likely be a major catalyst, and a breakdown could happen as it looks like the market is leaning towards the downside. Because of this, we don’t buy at all, and will sell rallies and a break of the lows. The 0.75 level is a relatively important one, and a serious close below it has us looking for the 0.70 handle.
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Originally posted here
