NZD/USD Forecast March 28, 2017, Technical Analysis

The NZD/USD pair initially rally on Monday, but found enough resistance near the 0.71 handle to turn things around and form and exhaustive candle. Overall, I believe that the market is consolidating, between the aforementioned 0.71 handle and the 0.70 level underneath. The markets will continue to be choppy, so small positions will be more than likely what you need to deal with, as the back and forth nature short-term trading will take front and center stage going forward. Ultimately, the market is one that will continue with micro moves more than anything else.