The NZD/USD pair had a wild day as traders sent the Kiwi back and forth on Tuesday. The pair looks like it is far too choppy at this point to get long or short to be frank about it. The 0.8000 level below is almost certainly going to be massive support that will be difficult to break down through, but the 0.8500 level above looks massively resistant. The pair looks like it will be a victim of news flow out of the EU in the mean time, and any bad news simply tears down gains far too fast. Because of this, we are willing to avoid this market for a few days until it settles down.
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