NZD/USD Forecast December 15, 2016, Technical Analysis

The NZD/USD pair rallied on Wednesday, as we continued to retire. When we turn back around though, I believe that there will be plenty of support. It looks as if the New Zealand dollar is going to continue to go higher. However, there’s a lot of noise just above, and as a result I think it will be very volatile. However, looks as if the New Zealand dollar is trying to make a bit of a statement now. We did eventually break above the top of the shooting star from the previous session, so that show a certain amount of bullish pressure. However, this is not one of my favorite markets.