The NZD/USD rose today and is showing bullish strength again. However, we simply haven’t pulled back enough in order to get us wanting to buy at these levels. The market looks like it wants to consolidate between 0.80 and .078 levels. The area should provide a lot of scalping opportunities, but not much more. The pair should be a short-term trader’s delight.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
