By FX Empire.com
The NZD/USD pair fell again on Tuesday, but did manage to bounce a bit towards the end of the session. The pair is sitting just below the all-important 0.75 level at the close. With this in mind, a bounce isn’t impossible, but would more than likely be considered an excuse to sell this pair off again. The pair is highly risk-sensitive, and as a result will more than likely continue the downward grind over time, but will give bounces as opportunities to sell even more. The pair has made a fresh low during the session, and as a result looks very weak at the moment.
NZD/USD Forecast Nov. 23rd, 2011, Technical Analysis
Originally posted here
