NZD/USD Forecast April 11, 2017, Technical Analysis

The New Zealand dollar rallied during the day on Monday as we retraced quite a bit of the losses from Friday. However, I believe that the 0.70 level above should be resistive. The market finds quite a bit of support below near the 0.69 handle, so I am anticipating short-term choppiness that should continue to offer selling opportunities, but again, short-term only. If we were to break down below the 0.6850 level, the market should continue to go much lower. As far as buying is concerned, I don’t know that I’m interested in doing so. - 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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