NZD/USD Forecast January 29, 2016, Technical Analysis

The NZD/USD pair tried to rally during the day on Thursday, but pulled back a bit to show signs of exhaustion. This market really doesn’t look like it’s ready to go anywhere at this point in time, so we believe that altar short-term traders will be the only people truly interested in trading at this point. Currently, we think the market is stuck between the 0.64 level on the bottom, and the 0.66 level on the top. It is not until we get some type of clarity that we are willing to put any money to work in this particular pair.