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NZD/USD Forecast July 3, 2017, Technical Analysis
Updated: Jul 1, 2017, 05:07 GMT+00:00
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
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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.
NZD/USD Video 03.7.17
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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