NZD/USD Technical Analysis August 9, 2011

NZD/USD fell on Monday, as traders shunned anything related to risk. The pair looks like it is going to run down to the 0.8000 level, and it is at that area that we will see a lot decided. The bullish trend is still intact believe it or not, but we are starting to get to a point that you really have to question this. The 0.8000 mark will make or break this pair in our opinion. 

Leave a Reply

Your email address will not be published. Required fields are marked *