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NZ Retail Sales Could Push NZD/USD Towards 0.8100 As Risk Aversion Fades

Discussion in 'Fundamental Analysis' started by ActionForex.com, Mar 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The NZD/USD pair has bounced from Fibonacci and 50 SMA support at the 0.7865/7900 level amidst a rebound in carry trades following the announcement that the Federal Reserve and multiple other central banks would make an effort to boost liquidity. However, the release of New Zealand retail sales could determine...

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