NZD/USD Forecast February 3, 2017, Technical Analysis

The NZD/USD pair had a volatile session during the Thursday trading hours, as the 0.7350 level continues to offer quite a bit of resistance. Alternately, I would also point out that the 0.72 level underneath continues to offer support, so with that being the case I am willing to step away from this market and wait until we decide. We need to break either above the resistance were below the support to get a bit of clarity. Today very well could be that day, due to the volatility of nonfarm payrolls in America.

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