NZD/USD Forecast October 14, 2016, Technical Analysis

The NZD/USD pair rallied during the course of the day on Thursday, bouncing off of the area just above the 0.70 level. That being the case, it looks as if we are going to bounce from a fairly significant fall, and I believe that short-term opportunities may present themselves for buyers. At this point in time, I believe that the market will show exhaustion given enough time, and those exhaustive candles will be selling opportunities in my estimation as the New Zealand dollar certainly seems fairly soft overall when it comes to longer-term trading.

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