NZD/USD Forecast May 18, 2016, Technical Analysis

The NZD/USD pair rose during the course of the session on Tuesday, but is currently testing a fairly significant resistance barrier. If we can get above the 0.6850 level, we could very well continue to go higher, and perhaps try to reach towards the 0.70 level. At this point though, it does look like we are trying to go higher and we will have to keep an eye on not only the New Zealand dollar, but commodity markets as well. In general, if they go higher so does the New Zealand dollar.

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