NZD/USD Forecast September 29, 2016, Technical Analysis

The NZD/USD pair fell during the course of the session on Wednesday, showing a continuation of negativity. The 0.72 level below is massively supportive, so if we are below there, that would be a significant breakdown in this particular market. On the other hand, if we formed some type of supportive candle, we could bounce. This is a market that could show some real fireworks soon, and therefore you going to have to be very careful placing trades. At this point in time, I am simply waiting to see what happens at the 0.72 handle.

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