The NZD/USD pair had an eventful day today, (much like the GBP/USD pair) as the market originally sold it off, only to see it bought back up later in the day. Because of this, it looks confused at the moment. However, since the pair rebounded right back to resistance suggests a breakout may be coming. A pullback is still very possible, so patience should be shown with this pair. A move above 0.78 will be needed to attract new buyers, and a breakdown of 0.73 is what would be needed to sell this thing off. Buy on the dips seems to be the strategy for now.
Originally posted here
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