NZD/USD Forecast February 18, 2016, Technical Analysis

The NZD/USD pair rose during the course of the day on Wednesday, as we continue to bounce around in a general consolidation area. That being the case the market looks as if it is ready to reach towards the 0.6750 level, which we see as the top of this range. The markets will continue to be volatile, and quite frankly a short-term buying opportunity may present itself, but we do not look at this market as offering much more than that. This is just simple back and forth trading, but quite frankly those can be quite profitable as well.

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