NZD/USD Forecast September 8, 2016, Technical Analysis

The New Zealand dollar rose during the course of the session on Wednesday, reaching towards the 0.75 level. However, we found that area to be far too resistive to continue, and as a result it makes sense that we fell and ended up forming a bit of shooting star. On top of that, we are a little bit overbought at this point in time so I think the pullbacks will be buying opportunities going forward, and eventually we should break out above the 0.75 level and continue to go even higher, although pullbacks will happen.

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