Technical analysis of NZD/USD for Feburary 03, 2014
Overview: NZD/USD is expected to consolidate with bearish bias after hitting its near-five-month low of 0.8061 on Friday. Such dynamics is undermined by the contagion from turmoil in the emerging markets, the kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion, positive dollar sentiment and the kiwi sales on buoyant AUD/NZD cross. […]