NZD/USD Forecast March 23, 2017, Technical Analysis

The New Zealand dollar fell initially during the day on Wednesday, but found enough support at the 0.70 level to turn things around and form a hammer. This suggests that there is going to be a certain amount of consolidation in this area, and thus I’m going to stay on the sidelines. However, short-term traders could go back and forth between the 0.71 handle on the top and the 0.70 level on the bottom. Until we break out of this area, it’s can be difficult to trade this market for anything more than a short-term scout. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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