NZD/USD Forecast October 28, 2016, Technical Analysis

The NZD/USD pair initially tried to rally during the course of the day on Thursday, but turned around to fall rather significantly. Ultimately, this is a market that looks as if it is going to continue to try to test the uptrend line below, so if you are short-term trader you may find short-term selling opportunities. At this point though, I’m not willing to risk any real money on the New Zealand dollar as I believe that we will have to address the uptrend line before a significant move can happen in this market.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com