NZD/USD Forecast February 10, 2016, Technical Analysis

The NZD/USD pair broke higher during the course of the session on Tuesday, as we continue to see quite a bit of volatility in this market. Ultimately, this is a market that seems to be essentially bouncing between the 0.65 level on the bottom and the 0.6750 level. Ultimately, this is a market that we are going to stand on the sidelines from, as there is far too much in the way of indecision for us to feel comfortable risking any substantial amount of money in this marketplace. However, we will continue to monitor and look for clarity.