NZD/USD Forecast March 21, 2017, Technical Analysis

The New Zealand dollar initially try to rally during the session on Monday, breaking above the 0.7050 level. However, if we can break above the top of the candle, the market should then reach towards the 0.72 handle above. Alternately, we break down below the 0.70 level, the market should then reach towards the 0.69 level. I still believe that the New Zealand dollar will continue to be softer than the Australian dollar, so I prefer trading that market currently. Ultimately, I think that there is going to be a lot of volatility regardless.

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