NZD/USD Forecast August 28, 2015, Technical Analysis

The NZD/USD pair went back and forth during the course of the session on Thursday, hugging just below the 0.65 level. With that being the case, the market looks as if it is probably going to continue to go little bit lower, but it may take some time. There is a significant amount of support all the way down to the 0.60 level, meaning that although we are negative of this market, we recognize that it might be choppy all the way down there. Ultimately, we are sellers but recognize it will take patience.