NZD/USD Forecast April 10, 2017, Technical Analysis

The NZD/USD pair initially tried to rally on Friday but found enough resistance at the 0.70 level to turn things around and test the bottom of the hammer from the Wednesday session. It was a bit of a “risk off” type of scenario, as the jobs numbers out of America were poor. I believe that the market will continue to go lower, and perhaps reach towards the 0.69 level underneath. Short-term rally should be selling opportunities over the next couple of sessions. I believe it will be choppy, but the selling will more than likely continue.

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