Advertisement
Advertisement

NZD/USD Forecast December 8, 2016, Technical Analysis

By:
Christopher Lewis
Published: Dec 8, 2016, 04:54 UTC

The NZD/USD pair had a slightly positive session on Wednesday, as we continue to press up against the previous uptrend line. This of course has been

NZD/USD daily chart, December 08, 2016

The NZD/USD pair had a slightly positive session on Wednesday, as we continue to press up against the previous uptrend line. This of course has been offered a bit of resistance, but given enough time I feel that the market will probably find sellers. An exhaustive candle would be a nice selling opportunity, but break above the 0.72 level would pretty much at that point in time take away any doubt of a move higher. Ultimately, I think volatility is going to be a mainstay of this market regardless what happens next.

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.

Did you find this article useful?

Advertisement