NZD/USD Forecast August 11, 2016, Technical Analysis

The NZD/USD pair rose during the course of the day on Wednesday, testing the 0.73 level. With this being the case, the market ran into resistance, and pulled back in order to form a market that continues to show quite a bit of volatility. I believe that the market should continue to be volatile, but it does seem like there is a lot of buying pressure underneath. Once we can get above the 0.73 level, the market should continue to find buyers and push this market much higher. I have no interest in selling whatsoever.

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