NZD/USD Forecast February 11, 2016, Technical Analysis

The NZD/USD pair broke higher during the day on Wednesday, breaking the top of the shooting star from Tuesday. While this is a bullish sign, the reality is that the market has a lot of noise build into it, and of course the New Zealand dollar is highly sensitive to commodities in general. Because of this, we are a bit hesitant to get involved, but we do recognize that if there is a play, it’s going to be to the upside in this particular market for short-term trading. We have no interest in selling at the moment. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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