NZD/USD Forecast December 14, 2016, Technical Analysis

The New Zealand dollar try to rally during the day on Tuesday, but gave back quite a bit of those gains in order to form a bit of a shooting star at where the uptrend line has been noted. Because of this, if we can break down below the bottom of the candle for the day on Tuesday, I feel that a selling opportunity may present itself. On the other hand, if we can break above the top of the shooting star, that’s a reason to believe that the market is going to continue to go higher, perhaps reaching towards the 0.74 level over the longer term. - 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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