NZD/USD Forecast February 16, 2016, Technical Analysis

The NZD/USD pair initially tried to rally during the day on Monday, but turned back around to form a slightly negative shooting star. By doing so, looks as if we simply are not ready to go anywhere at this moment in time, so having said that it’s likely that we will continue to bang around in this general vicinity. We have no interest whatsoever in trading the New Zealand dollar right now, as it will be very erratic due to the commodity markets out there looking so erratic and confused at the moment.