NZD/USD Forecast March 3, 2016, Technical Analysis

The NZD/USD pair initially fell during the day on Wednesday but found enough support just below to turn things back around and form a strong candle. With this, looks as if we are going to continue the overall consolidation, and that means we should be reaching towards the 0.6750 level. With this, we are bullish for the short-term but are not expecting any type of major breakout in this particular pair. Short-term traders will continue to push the New Zealand dollar back and forth in the current range that we have been trading in.