The NZD/USD pair fell on Wednesday as traders sold some of the more risky currencies. The pair looks like it is finding support in the 0.81 zone, and as such – we feel a bounce is coming. However, it must be stated that the 0.84 level is still the top of the trading range, and should be massively resistive. A break of the top of Wednesday’s candle would be bullish for the short-term, and a breaking of the 0.8000 level on a daily close would have us massively short.
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