By FXEmpire.com
The NZD/USD pair fell hard on the Friday session as the jobs number out of America proved to be a dud at best, printing only 115,000 added in the month of April. The pair is a barometer on global risk, and it appears that there is little appetite for risk assets at the moment. Because of this, the pair should continue to fall for the time being, and a break below the 50% Fibonacci level would be a signal to sell. The 200 day exponential moving average was broken a couple of days ago, and the weekly chart looks weak. With all of this in mind, we are sellers of this pair, not buyers.
Click here to read NZD/USD Technical Analysis.
Originally posted here
