NZD/USD shot straight up on Thursday as the "risk on" rally happened yet again. The Kiwi continues to get a lift from several factors, not the least of which is the fact that the Federal Reserve continues to keep a loose monetary policy. We think the 0.8350 level will have to be broken in order to continue higher. Pullbacks are also opportunities for entries on the long side as well.
The USD/CAD pair fell again, and retested the 0.98 handle for support. The area is important, and if we can continue lower, this pair should fall quite a bit. The pair will also be influenced by the oil markets as usual, which suddenly looked a bit perky on Thursday as well.
Create a FREE account