NZD/USD fell hard on Friday, just as we suggested it would. The breaking of the bottom of Thursdays candle was the signal, and we fell fairly hard as a result. The 0.81 – 0.80 support zone is just below, and it appears that we are going to test it. However, we do expect a lot of support in that area. As a result, we aren’t suggesting selling this pair to our readers at this point. In fact, we would like to own this pair, but only if we see support hold. If not – we will wait to see a daily close below 0.80 in order to sell aggressively.
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