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NZD/USD Forecast November 30, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 28, 2015, 07:01 UTC

The NZD/USD pair fell a bit during the course of the session on Friday, as we start to reach towards the 0.65 handle. This is an area that has been

NZD/USD Forecast November 30, 2015, Technical Analysis

The NZD/USD pair fell a bit during the course of the session on Friday, as we start to reach towards the 0.65 handle. This is an area that has been supportive recently, but we feel it’s only a matter of time before he break down. A move below the 0.64 level could send this market down to the 0.62 handle next. Any rally at this point in time should be a selling opportunity, and therefore we have no interest whatsoever in buying this market. The US dollar is the strongest currency in the world right now, and we certainly don’t want to risk owning the New Zealand dollar.

 

NZD/USD Forecast November 30, 2015, Technical Analysis
NZD/USD Forecast November 30, 2015, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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