NZD/USD Forecast October 31, 2016, Technical Analysis

The NZD/USD pair rose during the course of the day on Friday, showing signs of bullish pressure. The 0.72 level above continues to offer quite a bit of resistance, but then again the uptrend line below should be supportive. Ultimately, the market should go back and forth and at this point in time it’s difficult to imagine that we will break out during the day today. Ultimately, this is a market that I think we will probably have to sit on the sidelines in order to wait and see what happens next. - 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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