NZD/USD Forecast February 19, 2016, Technical Analysis

The NZD/USD pair fell during the day on Thursday, as we continue to consolidate back and forth. We believe that the market will continue to be very choppy, so therefore we are not necessarily interested in trading this market as we believe it will more or less be a back-and-forth and choppy type of situation. Ultimately, we are on the sidelines and simply waiting for some type of impulsive candle in one direction or the other in order to place a trade with any type of confidence at all. Unless euro scalp or, it’s almost impossible to work with this environment.

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