NZD/USD Forecast November 4, 2015, Technical Analysis

Christopher Lewis
nzdusd

The NZD/USD pair fell during the day on Tuesday but found support at the 0.6650 level to turn it around the bed, showing that we are still very much in the consolidating mood. The 0.6750 level continues to be essentially what we would consider “fair value” at the moment, as the market continues to head back in that direction every time we move with any strength in one direction or the other. Because of this, we believe that short-term charts could be used to buy this pair as we should reach towards the orange dashed line on the chart.

 

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