NZD/USD forecast for the week of September 18, 2017, Technical Analysis

The New Zealand dollar initially fell during the week but found enough support at the 50% Fibonacci retracement level of the larger move to turn around and form a hammer. Because of this it looks as if the buyers are coming back into the marketplace, and will eventually go looking for the 0.75 handle above. I have no interest in shorting this market, although I would need to see a break of the weekly candle to start buying. This is a market that probably grind for a while, but has an upward proclivity.

NZD/USD Video 18.9.17