NZD/USD Forecast April 12, 2017, Technical Analysis

The NZD/USD pair had a rough session as we initially fell during the session on Tuesday, but has found enough support to turn things around and form a supportive looking candle. However, I think there’s a lot of noise above, so it would not surprise me at all the see a resistive candle near the 0.70 level. A breakdown below the bottom of the hammer would be a negative sign as well, so in the way I’m looking to sell but I don’t have any interest in buying. Currently, I’m going to have to wait for a sell signal.