NZD/USD Forecast September 6, 2016, Technical Analysis

The New Zealand dollar initially tried to rally again during the day on Monday, but as you can see there is quite a bit of resistance above the 0.73 level. The fact that we pulled back to form a bit of a shooting star does of course suggests that we are going to continue to try to grind higher, but it is going to be a bit of a fight. Ultimately, if we can break above the 0.7350 level for any real length of time, I feel at that point the New Zealand dollar is free to go much higher. Pullbacks should continue to offer buying opportunities between now and then.

Economic Calendar