By FXEmpire.com
The NZD/USD pair rose on Tuesday, only to turn around and fall at the 0.8250 resistance level. The area is the site of a previous support level of the consolidation area form February, and as a result it looks as if the level will actually compress pricing. The shooting star for the session looks as if the market is ready to fall again, and a break of the lows from the Tuesday session should see the consolidation continue. The 0.80 level below should be a massive support area, so any selling will be a short-term trade – simply playing the range.
NZD/USD Forecast March 28, 2012, Technical Analysis
Originally posted here
