NZD/USD Forecast September 2, 2016, Technical Analysis

The NZD/USD pair initially fell during the course of the day, but then turned back around and slammed into the 0.73 level. This is an area that has been rather resistive, and the fact that we have the jobs number coming out today, it’s likely that we will continue to see quite a bit of resistance at least until we get that number. If we can break above that area significantly, we could continue to go higher. Pullbacks will more than likely find buying opportunities below as there should be plenty of support.

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