NZD/USD fell hard during the Wednesday session as commodities and risk-related assets all sold off during the day. The Kiwi is particularly sensitive to the attitudes of the market, and as long as there are massive headwinds in the global economy we suspect it will struggle to gain any serious ground, and as a result we feel selling the rallies in this pair will be the way to go. This is especially true as long as we are below the all-important 0.8000 level.
Originally posted here
