NZD/USD continues to fight for the positive at this point, and Friday saw it rising. The 0.81 level is massive support at this point, and the 0.85 – 0.86 levels seem massively resistive. The pair is likely to find itself very range bound for the near-term, and the pair will also be very sensitive to news out of Europe. The Kiwi is a proxy for risk in the currency markets, and as such this pair could be wild in the short-term, but until we get out of this range it will be hard to hold onto trades for more than a few hours at a time.
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