NZD/USD Forecast December 26, 2016, Technical Analysis

The NZD/USD pair fell slightly during the day on Friday, as we continue to grind towards the 0.68 level. This is a market that continues to show quite a bit of negative pressure, but currently I feel that we could get a bit of a bounce. Any short-term bounce should be an opportunity to pick up the value that presents itself in the US dollar. The 0.68 level below will be supported based on longer-term charts, so now I feel that we continue to see sellers come back to this market repeatedly.

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