NZD/USD Forecast November 22, 2016, Technical Analysis

The New Zealand dollar rallied on Monday, bouncing off of the 0.70 support level. We have a significant uptrend line just above current pricing though, and that could now be resistive. In fact, I’m waiting to see whether or not we get an exhaustive candle that we can start selling in order to build up enough momentum to finally break down below the 0.70 level significantly. If we managed to break above the 0.71 handle, at that point I would have to get rid of the previous up trending channel, and assume that the market is going to continue to go much higher. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the