By FXEmpire.com
The NZD/USD pair rose for much of the session on Thursday, but managed to fall again to form a shooting star at the bottom of the most recent fall in this market. This is a very weak sign, and sets up a selling opportunity if we get a break of the Thursday lows. This would suggest that we have much lower to go in this pair, and the momentum is certainly with the bears at this point. As long as there is uncertainty out there – and that could be the case for a while – this pair will more than likely remain weak. We are selling that breakdown.
Originally posted here
