NZD/USD Forecast September 1, 2016, Technical Analysis

The New Zealand dollar initially fell during the day on Wednesday, but turned right back around to form a nice-looking hammer. This was a very bullish sign that was preceded by the exact same sign on Tuesday. With this being the case, looks like we are trying to build up momentum to the upside and break out above the 0.73 level. Once we do, I feel that the market should continue to go much higher. The 0.75 level above is my longer-term target but I recognize that we may need to get the jobs number first.

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