By FXEmpire.com
The NZD/USD pair rose during the session on Wednesday as the bets for more easing out of the Fed continued. The breaking of the 76.50 level shows that the bounce is going to happen, and barring some kind of shock statement by Fed Chairman Ben Bernanke in front of Congress today, this pair should continue higher as traders speculate that the Fed will have to ease after the dismal jobs report on Friday. However, this rally will simply be a chance to sell this pair at a higher level in our opinion, and we think the 0.80 level will be difficult to overcome. We sell rallies on signs of weakness, and would sell a break below the 74.50 level aggressively.
Click here a current NZD/USD Chart.
Originally posted here
