NZD/USD Forecast December 8, 2016, Technical Analysis

The NZD/USD pair had a slightly positive session on Wednesday, as we continue to press up against the previous uptrend line. This of course has been offered a bit of resistance, but given enough time I feel that the market will probably find sellers. An exhaustive candle would be a nice selling opportunity, but break above the 0.72 level would pretty much at that point in time take away any doubt of a move higher. Ultimately, I think volatility is going to be a mainstay of this market regardless what happens next.