By FXEmpire.com
NZD/USD rose during the session on Wednesday as traders took on a slightly positive tone in general. However, the range was fairly tight and one would suspect that the volumes were fairly low as well. The European Union and its economic summit today and tomorrow will certainly dominate the headlines, and as such we think that the Kiwi will be very difficult to buy with any conviction as the headline risks are going to be so numerous. With this being said, we would sell this pair on a sub-0.78 daily close, or buy it if it closes above the 80 handle. In the meantime, we expect a lot of choppiness and noise in the markets.
Click here for updated NZD/USD News.
Originally posted here
