NZD/USD Forecast April 18, 2017, Technical Analysis

The NZD/USD pair had a bully session on Monday, breaking above the 0.70 level. However, the market sees quite a bit of resistance near the 0.71 handle, so having that being the case it’s likely that we will continue to chop around. I don’t have any interest in trading this market, I believe that we need to break above the recent high from March to start buying, but an exhaustive candle could get me short for a small move as we with more than likely go looking for the 0.69 handle below which has been the bottom of consolidation. - 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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