NZD/USD Forecast October 27, 2014, Technical Analysis
The NZD/USD pair rose slightly during the course of the session on Friday, breaking above the top of the hammer that had formed on Thursday. With this, we could go as high as 0.80, but ultimately we believe that this market will find enough selling pressure to start falling yet
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The NZD/USD pair rose slightly during the course of the session on Friday, breaking above the top of the hammer that had formed on Thursday. With this, we could go as high as 0.80, but ultimately we believe that this market will find enough selling pressure to start falling yet again. Remember, the Royal Bank of New Zealand continues to wish for a week or Kiwi dollar, and the fact that they have entered the spot market to sell off the New Zealand dollar tells us that this pair should continue to go much lower.
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