NZD/USD Technical Analysis September 26, 2011

NZD/USD fell again on Friday as traders are selling any and all commodities. Being so sensitive to commodities has really punished this currency over the last couple of days, and as the world continues to worry – this pair will continue to fall. A bounce could be coming, but quite frankly – as long as we stay under 0.8000, it will more than likely just be a selling opportunity. The world is slowing down economically, and this is bad news for the Kiwi that is so export-driven. Selling rallies and fresh lows is the way to go at this point.

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