NZD/USD Forecast June 13, 2016, Technical Analysis

The NZD/USD pair fell during the day on Friday, testing the 0.7050 level for support. This is an area that had been previously resistive, so having said that it’s likely that we will have a fight on our hands over the next couple of days. A supportive candle in this area would be a nice buying opportunity, but it must be said that we are closing towards the bottom of the range which of course suggests that we could get a bit of a follow-through during the day today. Ultimately though, I still feel better about buying on supportive candles. - 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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