NZD/USD Forecast September 18, 2017, Technical Analysis

The New Zealand dollar rallied during the day on Friday, breaking above the 0.7270 level. As we are near the highs of the session, this is a very bullish sign and should see the New Zealand dollar continuing to show strength over the next several sessions. Dips could be buying opportunities and on the longer-term charts, it looks like buyers are willing to come into the marketplace. If we can break above the 0.73 level, I think that we will then go looking towards the 0.75 level above which is a major resistance barrier. In the meantime, expect choppiness, but I think with more of an upward proclivity than anything else.

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