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NZD/USD forecast for the week of July 3, 2017, Technical Analysis
Updated: Jul 1, 2017, 05:10 GMT+00:00
The New Zealand dollar broke higher during the week, testing the uptrend line and it now looks as if we are ready to try to break out. If we clear the top
The New Zealand dollar broke higher during the week, testing the uptrend line and it now looks as if we are ready to try to break out. If we clear the top of the weekly candle, the market should then go to the 0.75 handle above. A breakdown below the bottom of the candle from the previous week, which is a hammer, would be very negative, but I don’t think that’s going to happen now. The New Zealand dollar continues to be very bullish, and I think it’s only a matter of time before we go to the 0.75 handle above.
NZD/USD Video 03.7.17
About the Author
Christopher Lewisauthor
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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