NZD/USD had a volatile session on Thursday, but managed to stay above the 0.80 handle. The pair looks rips for direction, and it must be said that with all of the QE in Japan, Europe, UK, and maybe the US...this pair looks like a winner going forward.
The EUR/USD pair fell hard during the session on Thursday to slam into the bottom of the recent consolidation rectangle. The pair looks really weak, and there is a bearish flag that looks more and more believable now....