NZD/USD Forecast April 13, 2017, Technical Analysis

The New Zealand dollar fell during the day on Wednesday, breaking the back of a hammer from the Tuesday session. This tells me that the market has significant bearish pressure upon it, so I think were going to reach towards the 0.69 level in the short term. I think short-term rallies offer selling opportunities, and have no interest in going long of the kiwi dollar right now that it seems to be a “risk off” type of scenario around the world. Because of this, I remain bearish but I also recognize there is a significant amount of support just below, keeping this a short-term trading opportunity. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the