By FXEmpire.com
The NZD/USD pair fell precipitously on the Monday session as the 0.78 level has held as resistance again. The candle from the Friday session was a hammer, and the push higher initially would have been a strong sign for the bulls – only to be dashed by the significant fall. Because of this, it appears that the pair is going to continue to be weak, and we are prepared to sell this market on a break of the daily lows for the Friday hammer. Until then, this pair looks likely to be a bit on the choppy side.
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Originally posted here
