The NZD/USD fell on Thursday as the risk off trade started to dominate yet again. In all reality, this pair is overbought by any standard, and as such could and should fall a bit. The pullback we expect isn’t something to sell, rather a move that should see the market finding support at either 0.86 or 0.85, which could be another buying opportunity. We like buying the pair if it falls and finds support.
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