NZD/USD Forecast September 22, 2016, Technical Analysis

The NZD/USD pair went back and forth during the course of the session on Wednesday, as we simply continue to grind and consolidate in this general vicinity. A break above the top of the range from the Tuesday session could be reason enough to buying, because it would be breaking the top of the shooting star. However, I am also the first to admit that there is a lot of support near the 0.7250 level below. Ultimately, I don’t really have any real interest in trading this market at the moment as it looks like we are simply going to bounce around.

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