Technical Analysis

NZD/USD: Still looking soft; sell rallies for move to .8000

There was a very cynical stop-loss drive overnight which took out stops below .8175 before immediately jumping 60 pips. This pair still looks soft to me and I like the idea of selling rallies for a move to .8000 in next couple of weeks. A break back above .8300 would have me re-thinking.

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