NZD/USD Forecast February 4, 2016, Technical Analysis

The NZD/USD pair broke higher during the course of the day on Wednesday, as we have seen US dollar selling around the world. With this, the New Zealand dollar of course broke higher. We still see a significant amount of resistance between here and the 0.69 level, so although we feel that this market will probably go higher, the reality is that there will be easier pairs to trade against the US dollar at this point in time. Ultimately though, pullbacks could offer supportive candles below that give us a chance to start going long yet again. - 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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