NZD/USD Forecast December 5, 2016, Technical Analysis

The NZD/USD pair rallied on Friday, breaking the top of the hammer from the Thursday session. However, we smashed into the bottom of the uptrend channel, so it should be a resistive area. An exhaustive candle in this area should be a selling opportunity but if we can break above the 0.72 level, the market should continue to go higher, perhaps reaching towards the 0.7350 level above. One thing I think you can count on is going to be quite a bit of volatility, so you will have to keep in mind that small positions might have to be used. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the