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.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com