By FX Empire.com
NZD/USD rose during the Thursday session as the pair gained back some of the losses from the previous session. The 0.8450 level above continues to be resistance, and we think the pair has plenty of support below. With this in mind, it is either a scalping pair if you are so inclined, or it is a matter or wait and see – with us buying a post-0.8450 daily close. The pair will continue to rise if the commodity markets do so as well. We presently see no reason whatsoever to sell this pair, and wouldn’t consider it until we close below the 0.80 level.
NZD/USD Forecast March 2, 2012, Technical Analysis
Originally posted here
