NZD/USD Forecast February 17, 2016, Technical Analysis

The NZD/USD pair fell a bit during the course of the day on Tuesday, as we continue to see weakness when it comes to risk appetite. Because of this, the New Zealand dollar will continue to suffer, and we feel that it’s only a matter of time before we reach back towards the 0.65 handle again. It will be noisy below though, and as a result it’s very likely that the market will continue to be very volatile, although we believe that there is going to be a bit of a negative bias going forward.