NZD/USD Forecast July 3, 2017, Technical Analysis

The New Zealand dollar initially tried to rally during the day on Friday, and reached towards the downtrend line on the weekly chart. We have try to break above it twice, but continue to find sellers. If we can make a fresh, new high, then the market should go much higher. I think that we are starting to see bullish pressure build up, so I am a buyer, and not a seller. Given enough time, I expect that this market will go looking for the 0.75 level above. I believe that the 0.73 level underneath should be supportive. - 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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