NZD/USD Forecast January 26, 2016, Technical Analysis

The NZD/USD pair fell during the course of the session on Monday, as we continue to grind sideways overall. We believe that the commodity markets will continue to suffer, so in general were not big fans of the New Zealand dollar overall. However, there is a significant amount of support at the 0.64 level, so at this point in time we don’t have any real interest in trading this market as the one thing that we can count on is volatility. We will of course keep an eye on this market and inform you on any future trades.