By FXEmpire.com
The NZD/USD pair rose during the session on Friday as the “risk on” trade come into play based upon the central banks of the world suggesting that they are on standby in case of nasty results out of the Greek elections on Sunday. If the results are favorable, or if the central banks have to get involved, this will cause a massive spike in risk assets and the Kiwi dollar in general as commodities rise. If there is some kind of meltdown, it is likely that this pair would fall hard, but being a less liquid market it will bounce very hard once the CBs get involved.
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Originally posted here
