By FXEmpire.com
The NZD/USD pair fell for the session on Wednesday but managed to compose itself in the end. The resulting candle for the day looks a bit like a doji, although we still think the downside is the path of least resistance at this point. The pair is a proxy for risk appetite, and there is little of it out there. With this being the case the Kiwi will continue to be pressured to the downside. The rallies are being sold by us in this pair as long as we are sub-0.80 going forward. In order to buy, we need to see several days above the 0.80 with stability in this pair.
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Originally posted here
