NZD/USD Forecast December 22, 2016, Technical Analysis

The NZD/USD pair initially tried to rally but found enough resistance to turn things back around and form a negative candle. I think rallies continue to be selling opportunities as the US dollar show signs of offering value every time they appear. I believe that the 0.70 level above is massively resistive, and will continue to be an excellent selling opportunity. Given enough time, I expect this market to reach down towards the 0.68 level, but this time year tends to be quiet as there is very little in the way of volume.

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