By FX Empire.com
The NZD/USD pair rose initially during the Friday session only to fall in the end. The resulting candle was a shooting star for the second day in a row, and suggests that lower prices are on the way. With the failure of the rally to hold, we have only become even more convinced that the pair heads lower. The 0.75 should continue to be massively resistant, and we like selling rallies and a break lower of the Friday lows at this point. Buying the Kiwi isn’t even a thought at this point.
NZD/USD Forecast Nov. 28th, 2011, Technical Analysis
Originally posted here
