By FX Empire.com
NZD/USD fell on the day Monday as traders sold off riskier assets around the globe. The situation in the EU still concerns the markets, and as long as it does – the Kiwi will be hard to own as the currency is so risk-sensitive. The 0.75 level has been violated, and if we break below the lows on Monday, we think this pair could go much lower. The later hours of the session did produce a bounce of sorts, but very shallow. The next 100 pips in this pair could be the most important for the next several weeks.
NZD/USD Forecast Nov. 22nd, 2011, Technical Analysis
Originally posted here
