NZD/USD Forecast March 14, 2017, Technical Analysis

The NZD/USD pair had a very volatile session on Monday, as we continue to try to find some type of footing in this low level. I believe that the 0.70 level above is massively resistive, and I think that any type of exhaustion that shows itself in that general vicinity should be and I selling opportunity. Alternately, if we break down below the lows, it would be time to sell as well. I have no interest in buying the kiwi dollar currently. However, I do recognize that a significant move above the 0.70 level could show a significant shift in attitude.

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