NZD/USD Forecast September 27, 2016, Technical Analysis

The NZD/USD pair rallied during the course of the session on Monday, but found enough support just above the 0.72 level to turn things around and form a positive candle. Ultimately, this is a market that I believe is essentially going to continue to consolidate in this general vicinity, as we try to build up enough momentum to finally break out to the upside. With this, I believe that pullbacks offer value as long as we can stay above the 0.72 handle. Ultimately, I think that the market does try to reach towards the 0.75 level, but in the meantime this is a market that is going to remain choppy.

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