NZD/USD Forecast May 23, 2016, Technical Analysis

The NZD/USD pair broke higher during the course of the session on Friday, breaking above the top of the hammer that had formed on Thursday. This is a bullish sign, and as a result the market very well could grind its way towards the 0.69 handle. However, a break down below the bottom of the hammer would be very negative, and send this market much lower in our opinion. Ultimately, one thing you can count on is going to be quite a bit of volatility as the New Zealand dollar tends to follow risk appetite in the commodity markets.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com