NZD/USD Forecast April 28, 2017, Technical Analysis

The New Zealand dollar initially tried to rally during the day on Thursday but turned around as we continue to see very bearish pressure. The market has found a little bit of support at the 0.6850 level, but I think if we can break down below there, the market will then go looking for the 0.67 level. Rallies this point should be selling opportunities on the first signs of exhaustion, at the New Zealand dollar has clearly broken down significantly. At this point in time, I see no buying opportunity in this market. - 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.

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