NZD/USD Forecast October 11, 2016, Technical Analysis

The NZD/USD pair fell during the course of the session on Monday, as we continue to see quite a bit of bearish pressure. The 0.72 level above continues to be a bit of a “ceiling”, and as a result it’s very likely that we will continue to drift lower and perhaps reach towards the 0.70 level below. Rallies at this point in time should continue to offer selling opportunities on exhaustive moves, but at this point in time I think that buying is going to be all but impossible in this particular market. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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