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. - 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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