By FX Empire.com
The NZD/USD pair fell on Thursday as the headline risks in Europe still dominate the headlines around the world. The Kiwi had a very bearish day on Wednesday, and the slow move down on Thursday could be thought of as a “rest” for the market. However, there are simply far too many reasons for the risk trade to fall apart currently. Knowing this, it is perfectly understandable how this pair failed to rally, and even broke through the 0.78 support area on the session. We like selling rallies at this point in time, as long as we continue to hang around under the 0.8000 level.
Originally posted here
