NZD/USD fell again on Wednesday as traders continue to shrug off risk assets, of which the Kiwi is very much tied to. The pair seems like it is making a beeline to the 0.75 level, and could see it in short order. The pair should be sold on rallies, and if the 0.75 level gets broken through, we could see a massive move down at this point. We are not willing to buy the Kiwi at all anymore, at least until the debt issues worldwide are taken care of.
NZD/USD Forecast Nov. 17th, 2011, Technical Analysis