NZD/USD Forecast May 24, 2016, Technical Analysis

The NZD/USD pair initially tried to rally during the course of the session on Monday, but turn right back around to form a bit of a shooting star. Ultimately, there is quite a bit of support at the 0.67 level, so it’s going to be difficult to break down below there. Quite frankly, this is a pair that we have no real interest in trading, as it just seems to be far too tight and difficult to deal with this particular marketplace. We will keep this market under our radar, but at this point will simply observed.