By FXEmpire.com
NZD/USD fell hard on Thursday as the global fears came back into focus. With weak German and Chinese numbers preceding the US weak numbers, there was no real chance of a bullish market in the risk assets, and as such this move should have been expected. The fact that the candle is so long, and the markets are closing at the lows, this shows that there should be more momentum for the bears. Because of this, we are selling this pair at the moment, especially on the rallies. We will use the four hour charts to get short on weak candles, knowing that the 0.78 level should be supportive, but the overall momentum seems to be swinging to the downside again.
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Originally posted here
