By FXEmpire.com
The NZD/USD pair gapped down at the open for the Monday session as the fear attitude came back into the markets overall. The pair then rallies, but at the end of the day gave back a bit of its gains in order to look vulnerable yet again. This is still below the 0.80 level, so we are more comfortable selling than buying, and because of this we are selling a break of the Monday lows as it shows continuation for the bears. The market isn’t a buy until we see a post-200 day daily close, which at this point would be roughly 0.8080 or so.
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Originally posted here
