NZD/USD Forecast December 7, 2016, Technical Analysis

The New Zealand dollar fell during the day on Tuesday as the previous uptrend line continues to offer resistance. Because of this, we are going to continue to go back and forth with a bit of a negative attitude. I think that we will reach towards the 0.70 level below, which has been massively supportive. If we break down below there, the market is likely to go even lower. A break above the previous uptrend line should be a strong sign, but until we get a daily close above that line, I believe that negative trades are about all he can take.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com