NZD/USD Forecast December 16, 2016, Technical Analysis

The NZD/USD pair fell during the day on Thursday yet again, as we reached towards the 0.70 level. This is an area that shows massive support, and because of this, it will be interesting to see whether or not we can break down below there. I believe that we can, but we may have to bounce in order to pick up enough momentum to do so. Rallies at this point in time you have me looking for selling opportunities based upon exhaustion. I have no interest in buying, I believe that the US dollar continues to strengthen in general.

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