NZD/USD Forecast March 30, 2017, Technical Analysis

The NZD/USD pair fell initially during the day on Wednesday, but found enough support near the 0.70 level to turn things around and start bouncing again. We are still very well within the consolidation area, so I don’t have any interest in placing a major trade. I think we will probably bounce from here but the 0.71 level above will offer resistance. It’s easy to step on the sidelines and simply ignore this pair but I do recognize that short-term traders will have plenty of back and forth type of trading opportunities.