NZD/USD Forecast June 23, 2016, Technical Analysis

The NZD/USD pair rallied during the course of the session on Wednesday, breaking out to new highs at one point during the day. Ultimately, a pullback at this point in time should be a buying opportunity, as there is more than enough bullish pressure underneath the keep this market going higher. On the other hand, if we break above the top of the range for the day, that would also be a reason to go long of the New Zealand dollar as it certainly looks very strong recently. Having made a “higher high”, it’s an opportunity to start buying again. - 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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