NZD/USD Forecast November 1, 2016, Technical Analysis

The NZD/USD pair fell slightly during the session on Monday, as we continue to grind back and forth. There is a massive uptrend line just below, which of course is very important so therefore it’s very likely that the buyers will return again and again. If we broke above the 0.72 level however, I could start going long but quite frankly there are a lot easier trades now it takes a therefore I will probably stay on the sidelines when it comes to the New Zealand dollar now. I just don’t see any major move coming quite yet. - 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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