By FXEmpire.com

The NZD/USD pair rose on Monday, and seems to have found a bit of support at the 0.82 level. The pair is decidedly bullish, but the latest action is somewhat contradictory. The 0.8000 level below here is major support, and if it gets broken – we will go much lower. A break to the upside of 0.85 would be massively bullish. Until then, we are likely to meander around these levels.


About the FX Empire:

Readers of FX Empire have made clear it’s their first stop for daily and weekly news and analysis. The FX Empire proudly delivers technical analyses, fundamental analyses, Forex news, broker reviews and more; keeping our readers the best informed in the industry.

Check out the latest Brokers Reviews by FX Empire: Easy-Forex Review, FineXO Review.

FXEmpire.com: your one-stop destination for forex technical analyses, forex fundamental analyses and Forex news and Forex broker overviews.