NZD/USD Forecast August 31, 2016, Technical Analysis

The New Zealand dollar rose during the course of the session initially on Tuesday, but then turn right back around to fall. I believe there is plenty of support near the 0.72 level and as a result we will more than likely get a bit of volatility in this area. With this being the case, I believe that sooner or later we will have buyers return, and when they do like be more than willing to start buying. On the other hand, if we break down below the 0.72 level, we could continue to go much lower.

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