The NZD/USD pair had a strong session on Tuesday as the “risk on” trade seems to have come back into play. The Federal Reserve has a meeting ending today, and there is a lot of speculation that the Fed could be easing. It is because of this that the announcement later today could be a major market mover. The market seems to be ready for more easy money, and as a result if they don’t get it – this pair could reverse rather quickly. However, it should be said that the 0.80 level above could keep prices down and this pair will be difficult to trade until we get the Fed announcement. If they don’t ease – this pair falls.
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Originally posted here