NZD/USD Forecast June 16, 2016, Technical Analysis

The NZD/USD pair initially fell during the day on Wednesday, but turn right back around at the first sign of support and broke back above the 0.70 level. At this point in time, if we can break above the 0.71 handle, I feel that the market can continue to go much higher. I also believe that there is a lot of noise below so it is going to be difficult to sell this market and therefore I’m looking to see if we can break out before getting involved. Keep in mind the commodity markets do influence the Kiwi dollar.

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