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. - 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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