NZD/USD Forecast February 5, 2016, Technical Analysis

The NZD/USD pair broke higher during the course of the session on Thursday, but at this point in time we are getting fairly stretched to the upside and therefore we would like to see some type of pullback that show signs of support in order to start buying. This is because the US dollar has been oversold in general, and this market of course is no different. The 0.69 level above will continue to be resistance, so we don’t think that we can break above there, but it does seem to make sense of this point that we may try to get there. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the