NZD/USD Forecast October 3, 2014, Technical Analysis
The NZD/USD pair initially fell during the course of the day on Thursday, but found enough support below in order to bounce and form a hammer. This hammer suggests that we are going to go higher, and quite frankly we feel that the market will struggle to get above the
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The NZD/USD pair initially fell during the course of the day on Thursday, but found enough support below in order to bounce and form a hammer. This hammer suggests that we are going to go higher, and quite frankly we feel that the market will struggle to get above the 0.80 level, which we see significant resistance above. With that, we are looking for some type of resistant candle in that general vicinity to start selling, but at the moment we are looking to stay out of the market as we have no interest in buying.
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